Share price is the lowest in the 9 years Sabre last went public in April 2014. The cost savings of laying off 1000 people will not be realized for several quarters. Unless leisure travel picks up, and recession fear goes away the share price and the company are doomed. The government is trying to slowdown the economy to ease inflation. I will predict their debt will continue to be refinanced and grow larger and they will be forced into BK to reorganize their debt which will result in +50% layoffs with no severance. This can happen within 1-2 years.
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The only thing that will increase the stock price is a press release containing the trifecta of buzzword bs: crypto, artificial intelligence, and quantum computing. If it could cram something in about virtual reality, augmented reality, cold fusion, and faster than light warp drives too then the stock should crest $100 within the week.
Industry is 90% recovered??? haha. What a joke. That means the competitors are reaping in the benefits of the recovery as Sabre is still losing several hundred million dollars per quarter. Sabre stock is down 90% from $30 to $3 for a reason. No one believes it will survive or be able to pay their mountain of growing debt which currently stands at $4,855,000,000 - yes that is $4.8 BILLION.
The impact of at least two major PSS customers transitioning off 1S, should be felt in lower PB revenue. Can Hospitality pick up the slack, or is it being cleaned up to sale?
Death of a giant. So sad!
The industry is back to 90% of 2019 numbers and domestic travel is higher than pre pandemic levels. This is growing exponentially and much faster than predicted
Sabre stock almost dead and barely hanging on to $3. It was $30 a few years ago. I’m sure it will drop to the $2s in July or Aug. Management is still rewarding themselves and getting huge bonuses though.
The cost of the layoff was huge and savings won’t be seen until end of year. I agree the tech transfer is going slow and now you have a bubble cost of old data centers and cloud. By the way - the cloud is NOT cheap. It may prove it is more stable and scalable but not cheaper.
There already is a recession. Business travel hasn't recovered well. Our tech progress is slow. Everything will continue to drain away, just like our souls. Hang in there everyone.
You have to wonder what the New acquisition(s) staff are being told as to what they have to look forward to? Bright Lights and Bigger Things are Coming....
Sad thing is that what you’ve described may be close to best-case scenario. The company was managed haphazardly for far too long, so now they’ve brought in Tommy Boy to turn off the lights.
What are you smoking? Leisure travel has been down since 2020! A recession would greatly impact leisure travel.
A few thoughts:
- Leisure travel is picking up, in a big way
- The recovery in Sabre's business would not be greatly affected by a recession, as the main impact of a recession would be on air fares, and not on passenger numbers. The airlines would be the ones to suffer
- If there is a recession, this would ease interest rate pressures