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SABRE CORPORATION

(SABR)
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Sabre : EU antitrust regulator scraps Amadeus and Sabre investigation

07/19/2021 | 08:17am EDT

BRUSSELS, July 19 (Reuters) - The European Union antitrust regulator on Monday scrapped a two-and-half-year investigation into travel booking companies Amadeus and Sabre , citing a lack of conclusive evidence.

The two were targeted by the European Commission in November 2018 on concerns that their contract terms could prevent airlines and travel agents from changing to rival ticket agents.

"The evidence collected is not sufficiently conclusive to justify pursuing the investigation further," the EU competition watchdog said in a statement.

It said it would continue to monitor the sector. The Commission is currently reviewing rules that specify the relationship between airlines, booking system providers and travel agents.

The EU decision was welcomed by Amadeus.

"Amadeus has worked closely with the Commission in an open and transparent manner since the launch of its investigation in 2018," a company spokesperson said.

Airlines usually sell the bulk of their tickets via travel agents and other third parties but have a tense relationship with global distribution service (GDS) providers such as Amadeus and Sabre, which use software networks to sell products such as airline tickets and hotel rooms to consumers.

These companies typically enjoy much higher profit margins than the airlines whose tickets they help to distribute. (Reporting by Foo Yun Chee Editing by David Goodman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMADEUS IT GROUP, S.A. 3.92% 51.64 Delayed Quote.-13.30%
SABRE CORPORATION -0.27% 11.22 Delayed Quote.-6.66%
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Analyst Recommendations on SABRE CORPORATION
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Financials (USD)
Sales 2021 1 746 M - -
Net income 2021 -749 M - -
Net Debt 2021 3 674 M - -
P/E ratio 2021 -4,40x
Yield 2021 -
Capitalization 3 620 M 3 620 M -
EV / Sales 2021 4,18x
EV / Sales 2022 2,56x
Nbr of Employees -
Free-Float 92,6%
Chart SABRE CORPORATION
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Sabre Corporation Technical Analysis Chart | SABR | US78573M1045 | MarketScreener
Technical analysis trends SABRE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 11,22 $
Average target price 13,24 $
Spread / Average Target 18,0%
EPS Revisions
Managers and Directors
Sean E. Menke President, Chief Executive Officer & Director
Douglas E. Barnett Chief Financial Officer & Executive Vice President
Karl Ivar Peterson Chairman
Joe DiFonzo Chief Information Officer
Gary M. Kusin Independent Director
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