Earnings release
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Sabre Sabre highlights bookings improvement , announces PSS wins and reports second quarter 2021 results Second quarter 2021 business overview : • • • • • Improvement in bookings environment accelerated during the quarter despite the ongoing impact of the COVID- 19 pandemic Sabre's net air bookings exited the second quarter with June at 51 % of 2019 levels , a 17 percentage point sequential improvement from March Strongest improvement was in global hotel bookings and air bookings in Sabre's largest region , North America Announced SabreSonic passenger service system wins , representing nearly 40 million passengers boarded based on 2019 levels Progressed on technology transformation milestones and now have all Sabre air shopping in public cloud environments • Ended the quarter with cash balance of $ 1.1 billion Second quarter 2021 summary : Earnings metrics significantly improved versus prior year ; revenue and Adjusted EBITDA came in at the high end and above guidance , respectively • Second quarter revenue totaled $ 420 million • Net loss attributable to common stockholders of $ 251 million , or $ 0.79 per share • Adjusted EPS totaled ( $ 0.52 ) SOUTHLAKE , Texas - August 3 , 2021 - Sabre Corporation ( " Sabre " or the " Company " ) ( NASDAQ : SABR ) today announced financial results for the quarter ended June 30 , 2021 . " As the industry recovers from COVID - 19 , travel volume trends continued to improve across Distribution , IT Solutions and Hospitality Solutions . In the second quarter , recovery trends accelerated and showed the strongest sequential improvement since the third quarter of 2020. The strongest recovery remains in US domestic leisure bookings . Since North America is our largest region , our bookings recovery outpaced the overall GDS industry . We continue to believe there is pent up demand for travel and that recovery will accelerate , " said Sean Menke , President and CEO . 1