Sabre's (SABR) Q2 results reflect a gradual recovery in global air, hotel and other bookings while economies rebound to cross-border international traveling.
Shares of Sabre (NASDAQ: SABR) are climbing today, up by 8.7% as of 3:03 p.m. ET., after the company posted a smaller-than-expected quarterly loss. Sabre, a one-time subsidiary of American Airlines Group, provides software and related tech to airlines, hotels, and travel agencies. The company saw air bookings accelerate globally, and there are early signs of a recovery in corporate and international travel as well.
Sabre (SABR) delivered earnings and revenue surprises of 28.57% and 2.84%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?