We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sabre's (SABR) Passenger Reservation Tool Adopted by SCAT Airlines
Read MoreHide Full Article
Sabre Corporation (SABR - Free Report) recently inked an agreement with SCAT Airlines, one of the largest carriers in Kazakhstan, wherein the former will assist the latter’s successful technology migration to Sabre’s passenger reservations system, SabreSonic.
Moreover, SCAT will leverage Sabre’s Commercial Platform that will help it create a differentiated brand experience for travelers, while maximizing the air carrier’s revenues. The airline expects Sabre’s technology to help it recover from the pandemic blues and lead future growth of travel in Kazakhstan.
Additionally, SCAT will adopt Sabre’s Revenue Optimizer solution as part of the deal. Sabre’s Revenue Optimizer solution is a cloud-based revenue management platform that allows airlines to optimize all revenue streams, maximize market share and improve real-time data analysis. Therefore, the implementation of this solution will help SCAT better forecast, analyze and optimize its revenue streams.
The rising traction of Sabre’s travel network solutions among airlines and travel-related services providing companies is likely to aid it in staying afloat amid the current uncertain environment.
This April, Sabre inked an agreement with JetBlue Airways Corporation (JBLU - Free Report) , wherein the former will assist in the latter’s successful technology migration to Sabre’s Revenue Optimizer solution.
In the same month, Sabre announced that its 25-year partnership with Kanoo Travel has been extended with a new multi-year deal, per which the latter will bank on the technology and solutions of the former to support its operations.
In March, the company expanded its partnership with Singapore Airlines, in a bid to enable select Sabre-connected travel agents in Singapore to book unique NDC (New Distribution Capability) content through the KrisConnect program, under Sabre’s global distribution system (GDS).
Last December, Sabre signed an agreement with the Lufthansa Group airlines to continue distributing the latter’s content to travel agencies and corporate travel departments through its GDS. With the help of Sabre’s NDC technology solution, Lufthansa Group airlines can personalize retailing by providing customized price offers to travel buyers.
The steady announcements of partnerships and other technological enhancements reflect that global tour and travel agencies are preparing for the post-pandemic era. Furthermore, a number of countries are gradually reopening their economies. This would steadily fuel travel demand in the near future, which is encouraging for Sabre.
The long-term earnings growth rate for Digital Turbine and Zoom Video Communications is currently pegged at 50% and 15.6%, respectively.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
Sabre's (SABR) Passenger Reservation Tool Adopted by SCAT Airlines
Sabre Corporation (SABR - Free Report) recently inked an agreement with SCAT Airlines, one of the largest carriers in Kazakhstan, wherein the former will assist the latter’s successful technology migration to Sabre’s passenger reservations system, SabreSonic.
Moreover, SCAT will leverage Sabre’s Commercial Platform that will help it create a differentiated brand experience for travelers, while maximizing the air carrier’s revenues. The airline expects Sabre’s technology to help it recover from the pandemic blues and lead future growth of travel in Kazakhstan.
Additionally, SCAT will adopt Sabre’s Revenue Optimizer solution as part of the deal. Sabre’s Revenue Optimizer solution is a cloud-based revenue management platform that allows airlines to optimize all revenue streams, maximize market share and improve real-time data analysis. Therefore, the implementation of this solution will help SCAT better forecast, analyze and optimize its revenue streams.
The rising traction of Sabre’s travel network solutions among airlines and travel-related services providing companies is likely to aid it in staying afloat amid the current uncertain environment.
Sabre Corporation Price
Sabre Corporation price | Sabre Corporation Quote
This April, Sabre inked an agreement with JetBlue Airways Corporation (JBLU - Free Report) , wherein the former will assist in the latter’s successful technology migration to Sabre’s Revenue Optimizer solution.
In the same month, Sabre announced that its 25-year partnership with Kanoo Travel has been extended with a new multi-year deal, per which the latter will bank on the technology and solutions of the former to support its operations.
In March, the company expanded its partnership with Singapore Airlines, in a bid to enable select Sabre-connected travel agents in Singapore to book unique NDC (New Distribution Capability) content through the KrisConnect program, under Sabre’s global distribution system (GDS).
Last December, Sabre signed an agreement with the Lufthansa Group airlines to continue distributing the latter’s content to travel agencies and corporate travel departments through its GDS. With the help of Sabre’s NDC technology solution, Lufthansa Group airlines can personalize retailing by providing customized price offers to travel buyers.
The steady announcements of partnerships and other technological enhancements reflect that global tour and travel agencies are preparing for the post-pandemic era. Furthermore, a number of countries are gradually reopening their economies. This would steadily fuel travel demand in the near future, which is encouraging for Sabre.
Zacks Rank & Stocks to Consider
Sabre currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the broader technology sector include Digital Turbine (APPS - Free Report) and Zoom Video Communications (ZM - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Digital Turbine and Zoom Video Communications is currently pegged at 50% and 15.6%, respectively.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>