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SOUTHLAKE, Texas - Sabre Corporation (NASDAQ: SABR), a key player in global travel technology with annual revenues of $3.03 billion and impressive gross profit margins of 59%, has announced that BermudAir has fully integrated Radixx®, Sabre’s passenger service system tailored for low-cost carriers. According to InvestingPro data, Sabre’s stock has shown strong momentum with a 15.5% gain over the past week. This strategic move is aimed at bolstering BermudAir’s expansion by enhancing reservation management, operational streamlining, and traveler experience.
The multi-year partnership has seen BermudAir adopt Radixx Res®, Radixx Insight®, and Radixx EzyCommerce®, which are cloud-based solutions designed to improve passenger processing, provide data-driven insights, and facilitate digital retailing. Sabre’s Senior Vice President, Darren Rickey, highlighted that Radixx’s advanced retailing capabilities are set to empower airlines like BermudAir to offer personalized services and smooth booking experiences that can lead to increased ancillary revenue and customer satisfaction.
BermudAir’s Founder and CEO, Adam Scott, noted the importance of having the right technology partner to deliver a consistent and efficient travel experience. He stated that with Radixx’s flexibility and scalability, BermudAir is in a strong position for future growth.
Additionally, BermudAir’s recent integration with Sabre’s Global Distribution System (GDS) has expanded its visibility to travel agents and corporate bookers globally, enhancing the airline’s reach within the travel trade sector.
Since its inception in September 2023, BermudAir has become a leading regional carrier, offering year-round flights connecting Bermuda with key cities along the U.S. East Coast and Canada. The airline has expressed its commitment to extending its fleet and network, aiming to provide a premium travel experience.
This partnership underscores Sabre’s dedication to delivering adaptable and intelligent solutions that provide agility to airlines in a competitive industry. The successful implementation of Radixx by BermudAir is a testament to this commitment. Information regarding this announcement is based on a press release statement.
In other recent news, Sabre Corporation has announced its collaboration with CellPoint Digital to enhance airline payment solutions, aiming to expand payment options and reduce operational costs for airlines. This partnership will integrate a wide range of payment methods into Sabre’s platform, providing airlines with more flexibility and potentially higher conversion rates. Additionally, BofA Securities has upgraded Sabre’s stock rating from Neutral to Buy, increasing the price target to $6.10 due to a positive outlook on the company’s future financial performance and growth prospects.
Sabre Industries has also seen an upgrade in its credit rating to ’B’ from ’B-’ by S&P Global, attributed to improved leverage and profitability. The company’s efforts to reduce debt and increase sales volumes have led to significant earnings growth. Sabre has also achieved a milestone by signing its 100th Network Planning & Optimization customer, Air India Express, which will use Sabre’s tools to optimize its flight scheduling and slot management.
Furthermore, Sabre has integrated LATAM Airlines Group’s New Distribution Capability content into its global travel marketplace, enhancing access for travel agencies to LATAM’s offerings. This integration highlights Sabre’s commitment to modernizing the travel industry and expanding its service offerings. These developments reflect Sabre’s ongoing efforts to address challenges in the travel sector and empower its partners with advanced technology solutions.
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