In a regulatory filing, Sabre published key metrics for August, indicating that it -- and to some degree, the wider travel sector -- still has some distance to go before reaching pre-pandemic levels. The company reported that its gross air bookings for the month rose to around 55% of their level in August 2019 (the coronavirus started to spread worldwide several months later). Net air bookings did slightly better, reaching about 56% of the figure for that month, while number of passengers boarded rose to approximately 86%.
Sabre (SABR) witnesses significant improvements in bookings with easing pandemic restrictions, more traveling and a decline in cancellation activities.
Sabre (SABR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.