Earnings release
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Sabre Sabre highlights commercial momentum and focused strategy to capitalize on growth opportunities ; reports third quarter 2021 results Third quarter 2021 business overview : Entered into agreement to sell AirCentre , Sabre's airline operations portfolio , to narrow strategic focus and strengthen liquidity position Completed successful migration of GOL Linhas Aéreas , Brazil's largest domestic airline , onto the SabreSonic passenger service system Announced SabreSonic win with Biman Bangladesh Airlines and three Radixx low cost carrier wins Increased average booking fee sequentially versus the first and second quarters of 2021 due to more favorable bookings mix Progressed cloud migration and decommissioned almost 2,000 legacy servers Ended the quarter with cash balance of $ 1.0 billion ● ● ● ● ● Third quarter 2021 summary : ● Earnings metrics significantly improved versus prior year Third quarter revenue totaled $ 441 million Net loss attributable to common stockholders of $ 241 million , or $ 0.75 per share Adjusted EPS totaled ( $ 0.50 ) SOUTHLAKE , Texas November 2 , 2021 Sabre Corporation ( " Sabre " or the " Company " ) ( NASDAQ : SABR ) today announced financial results for the quarter ended September 30 , 2021 . " Over the course of this year , our executive leadership team has been taking a critical look at Sabre , challenging norms and re - examining the way we do business . Our review focused on industry trends and technology , current and future capabilities , desired growth and returns , ongoing investment requirements and financial health and flexibility , " said Sean Menke , President and CEO . " With our strong belief in a broad global travel recovery , we will narrow our product 1