Travel company Sabre says August bookings remained sharply below 2019 levels as pandemic continued to weigh
Travel company Sabre Corp.
said Friday global travel trends remained under pressure from the coronavirus pandemic in August, reflecting COVID-19 case counts, vaccination rates and regional travel restrictions. In a filing with the Securities and Exchange Commission, the company said its net air bookings were down about 65% in the month compared with August of 2019, before the outbreak. Passengers boarded were down about 38% versus August 2019 and gross hotel central reservations were down about 22%. The stock was not yet active premarket but is down about 7% in the year to date, while the S&P 500
has gained 20.8%.