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Sabre announced financial results for the quarter ended June 30, 2018. Highlights * Travel Network revenue rose 13.2%, with bookings growth of 7.6% * Airline Solutions revenue decreased 2.4% * Hospitality Solutions revenue grew 10.4% * Net income attributable to common stockholders increased to $92.2 million and operating income increased to $138.8 million * Adjusted Operating Income decreased 0.3% to $172.0 million * Cash provided by operating activities decreased 5.3% to $146.6 million Travel Network Second quarter 2018 highlights (versus prior year): • Travel Network revenue increased 13.2% to $719.7 million. • Global bookings increased 7.6% in the quarter, supported by an increase of 23.5% in Asia-Pacific that reflects the completion of the Flight Centre agency conversion and strong market growth. Bookings also increased 5.0% in North America, and 5.0% in EMEA. Latin American bookings declined 1.4%. Global air bookings share was 37.1%. • Operating income increased 6.7% to $195.1 million, and operating income margin was 27.1%. • Adjusted Operating Income increased 6.9% to $196.0 million, and Adjusted Operating Income Margin was 27.2%. Airline Solutions Second quarter 2018 highlights (versus prior year): • Airline Solutions revenue decreased 2.4% to $204.8 million. • The year-over-year impact of adopting ASC 606 drove a $7.2 million revenue reduction in the quarter. • Operating income and Adjusted Operating Income decreased 35.3% to $22.8 million. Hospitality Solutions Second quarter 2018 highlights (versus prior year): • Hospitality Solutions revenue increased 10.4% to $68.3 million. • Central reservation system transactions totaled 22.6 million. • Operating income and Adjusted Operating Income decreased 10.4% to $2.0 million. Full-Year 2018 Guidance
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