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Mar 31, 2020
Sabre Q1 2020 Earnings Report
Sabre's financial position was bolstered, and first quarter 2020 results were reported.
Key Takeaways
Sabre's Q1 2020 revenue totaled $659 million, a decrease from $1,049 million in Q1 2019. The company reported a net loss attributable to common stockholders of $213 million, or ($0.78) per share, and an adjusted EPS of ($0.29). The results were significantly impacted by the COVID-19 pandemic.
Revenue totaled $659 million, a 37.2% decrease year-over-year, primarily due to COVID-19.
Net loss attributable to common stockholders was $213 million, compared to net income of $57 million in Q1 2019.
Diluted net loss per share was ($0.78), compared to diluted net income per share of $0.20 in Q1 2019.
The company announced cost savings program with estimated savings of $325 million in 2020.
Revenue by Segment
Forward Guidance
Given the magnitude and the uncertainty related to the COVID-19 pandemic and its economic effects, on March 20, 2020, Sabre withdrew its February 26, 2020 guidance and has not given further guidance at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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