Sabre Corporation (SABR) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:02.852 -- 00:00:07.354 We are encouraged by the continued momentum we are seeing from our growth strategies. 00:00:07.354 -- 00:00:12.477 Since late 2025, Sabre's rate of bookings growth is outpacing the broader 00:00:12.477 -- 00:00:16.239 industry by approximately 600 basis points. 00:00:16.239 -- 00:00:20.280 Second quarter air distribution bookings trends were better than expected, driven by 00:00:20.280 -- 00:00:25.283 a modest recovery in the month of June. The trends we saw in June have continued through 00:00:25.283 -- 00:00:29.143 July and are reflected in our full year outlook. 00:00:29.143 -- 00:00:33.767 Consistent with what we shared during our first quarter earnings call regarding conflict-related 00:00:33.767 -- 00:00:38.531 headwinds in the month of March, air distribution bookings growth remained positive throughout 00:00:38.531 -- 00:00:42.254 the second quarter in both North and South America. 00:00:42.254 -- 00:00:46.517 That strength was partially offset by continued impacts from the Middle East conflict 00:00:46.517 -- 00:00:50.520 as well as higher fuel prices, which have driven airline fare increases. 00:00:50.520 -- 00:00:54.724 We estimate that the global impact of fuel in the Middle East conflict was 300 to 400 00:00:54.724 -- 00:01:01.198 basis points in the second quarter and was relatively more acute in EMEA and Asia Pacific. 00:01:01.198 -- 00:01:05.680 Importantly, corporate volumes, which represent nearly half of our marketplace bookings, 00:01:05.680 -- 00:01:10.203 demonstrated continued steady performance and resilience throughout the second quarter, 00:01:10.203 -- 00:01:13.524 which offset softness in leisure demand. 00:01:13.524 -- 00:01:18.707 Looking ahead, the underlying assumptions for our growth outlook have no...