| Item 7.01. | Regulation FD Disclosure. |
On September 7, 2022, Sabre Corporation (“Sabre,” “we,” “us,” or “our”) provided the following key volume metrics update:
In August 2022, versus the same period in 2019:
| | • | | Our gross air bookings recovered to approximately 55%, |
| | • | | Net air bookings recovered to approximately 56%, |
| | • | | Passengers boarded recovered to approximately 86%, and |
| | • | | Gross hotel central reservation system transactions recovered to approximately 112%. |
We are encouraged that, notwithstanding the operational challenges faced by the airline industry during the summer, both our net air bookings and passengers boarded reached their highest levels for us in the last week of August since the beginning of the COVID-19 pandemic’s severe impact on the travel industry in mid-March 2020.
The recovery in our key volume metrics versus 2019 levels is summarized in the chart below.
| 1 | 7-Day moving average; calendar shifted; CRS transactions are community model only; data through August 31, 2022. |
Forward-looking statements
Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect,” “goal,” “outlook,” “opportunity,” “target,” “future,” “believe,” “trend,” “plan,” “guidance,” “anticipate,” “will,” “forecast,” “continue,” “on track,” “trajectory,” “scenario,” “strategy,” “estimate,” “project,” “possible,” “may,” “should,” “would,” “intend,” “potential,” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. The potential risks and uncertainties include, among others, the severity, extent and duration of the global COVID-19 pandemic and its impact on our business and results of operations, financial condition and credit ratings, as well as on the travel industry and consumer spending more broadly, the actions taken to contain the disease or treat its impact, the effectiveness and rate of vaccinations, the effect of remote working arrangements on our operations and the speed and extent of the recovery across the broader travel ecosystem, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, including from airlines’ insolvency, suspension of service or aircraft groundings, the effect of cost savings initiatives, the timing, implementation and effects of the technology investment and other strategic initiatives, the completion and effects of travel platforms, exposure to pricing pressure in the Travel Solutions business, changes affecting travel supplier customers, maintenance of the integrity of our systems and infrastructure and the effect of any security incidents, failure to adapt to technological advancements, competition in
