Business
Sabre Announces Strategic Moves to Further Position Company for Success
Company completes plans for realignment of its business segments, combining airline and agency-focused businesses, to provide a more seamless customer
About this update from Sabre Corporation
[{"type":"text","content":"Company completes plans for realignment of its business segments, combining airline and agency-focused businesses, to provide a more seamless customer experience\n Company to end furloughs by July 6 with plans to adopt a flexible, remote work program and other measures to support new organizational structure\n\n\nSOUTHLAKE, Texas, June 4, 2020 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), the leading software and technology Company that powers the global travel industry, announced today that it is taking critical steps to successfully position the Company for long-term growth. This includes the strategic realignment of its airline and agency-focused businesses, as well as other measures to support the new organizational structure. \nSean Menke, Sabre's president and chief executive officer stated, \"Today, we announced a critical step toward completing our transformation into a new Sabre. We began this transformational journey over two years ago with the unveiling of our SabreNext strategy and the creation of our Travel Solutions organization. Our leadership team has completed plans to strategically realign and fully combine Sabre's airline and agency-focused businesses to provide a stronger, more seamless experience for our customers.\"\nA New Sabre: Strategically Realigning its Business \nSabre's leadership team has been driving transformational change and building a foundation to position the Company for growth. The team has been focused on three areas: the security, stability and health of its technology products and services; enhancing collaboration across the Company's business segments to accelerate the creation of end-to-end solutions for its customers; and building a leadership team throughout the organization that will lead Sabre into the next phase of its journey to become the trusted technology partner of the travel industry. Today, the Company announced a critical step toward completing its transformation to better serve its customers and generate long-term growth opportunities across the business. \nMenke continued, \"Sabre is mission-critical to the travel ecosystem. While we had to put certain initiatives and technology investments on hold in response to the COVID-19 pandemic, we remain steadfast in our commitment to helping our customers operate more efficiently, drive revenue and offer personalized travel e...