SOUTHLAKE, Texas - Sabre gave an update on second-quarter bookings in a regulatory filing, saying there are “modest initial signs of recovery”.
However, gross bookings are down approximately 90% - not much change from the tail end of the first quarter.
“The environment remains uncertain, with reductions in airline capacity and a volatile macro environment,” Sabre said.
Net air bookings in April and May were negative because cancellations exceeded new bookings.
The company reported a net loss of US$151 million in the first quarter.