Why Sabre Stock Dived by Nearly 10% Today

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%.