To hear of an upcoming layoff. Earnings is in a few weeks and shareholders demand costs cuts when a company continues to lose money.
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What you're saying is untrue.
- Sabre are taking market share (from Travelport and not Amadeus, but still)
- They have been increasing revenue per booking
- Revenues are steadily growing. They were up c.19% y-o-y in Q3 2023
- Sabre have $4.3bn of net debt, not $5bn
- If Sabre go back to generating $400m of levered free cash flow per year, debt repayments will be manageable (especially with bonds trading at a discount)
I am not saying Sabre is the Apple or Berkshire Hathaway of air travel, but there is no need to overstate the negatives...
We are all either an ex Sabre employee or a future ex Sabre employee
so says an ex Sabre employee
Sounds like the lump sum pension payment may be the best for ol’ timers?
It’s a toxic environment. Some are just waiting to be laid off
I think a 5% RIF is coming.
Sabre can’t keep up with their competitors. They are losing revenue and losing customers so revenue will never be greater than past quarters. They also have 5 billion in debt so even if they made profit they will never be able to pay off 5 billion without a bankruptcy.
I expect to see a RIF email this or next week
No way this company will be profitable with the 4Q earnings. Debt + Losing money is not a good combo.