Sabre has reported revenue of $687 million in the second quarter, representing a year-over-year decline of 1%.
The global distribution system (GDS) said adjusted EBITDA for the quarter increased 7% year over year to $118 million.
"Second quarter results reflect weaker than anticipated air distribution bookings, as accelerating volumes from our growth strategies were offset by a challenging operating environment. While we anticipate that current volume pressure is transitory, we are updating our full-year outlook to reflect our latest growth assumptions,” said Kurt Ekert, president and CEO.
“We remain focused on executing our two strategic priorities of reducing leverage and driving sustainable growth through innovation, and our new business volumes are scaling very well. Over the past year, we have grown adjusted EBITDA, extended debt maturities and paid down debt, resulting in a strengthened balance sheet. We also have continued to develop and deliver innovative travel solutions for our customers. Taken together, we have improved our ability to compete, which we believe best positions Sabre to drive long-term shareholder value,” Ekert said.
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The GDS’s distribution revenue decreased $5 million to $546 million, attributed to a decline in air distribution bookings.
IT solutions revenue was down $3 million year over year to $141 million in Q2, which the company attributed to airlines no longer using the system.
During its earnings call Sabre said it was adjusting its air distribution bookings growth rate to between 4% and 10% for the second half of 2025. Ekert said that although the company expects GDS industry trends to stabilize, Sabre is more exposed to trends such as the lower corporate versus leisure booking mix and declines in government and military travel, which tend to be booked through a GDS.
Sabre is also delaying the launch of its low-cost carrier (LCC) solution by six months to early 2026, which Ekert said was an "execution delay from Sabre's standpoint." The technology aims to integrate the LCC content with Sabre's New Distribution Capability and Edifact content.
Sabre completed the sale of its hospitality solutions business for $1.1 billion to asset management company TPG in the quarter.
This article was updated following Sabre's Q2 earnings' call.