- Sabre Corp (NASDAQ:SABR) has signed a distribution agreement with Avianca, the flag carrier in Colombia, to help the airline reach new market segments.
- Avianca selected Sabre’s global distribution system (GDS) to distribute its flights and services, providing Sabre-connected travel buyers and agencies access to relevant content and choices.
- Avianca will also distribute its New Distribution Capability (NDC) content through the Sabre marketplace.
- Sabre is engaged with more than 25 airlines to distribute their NDC content through its GDS.
- Price Action: SABR shares are trading higher by 4.85% at $6.27 on the last check Tuesday.
Reed’s Lowers FY22 Revenue Outlook To $56M – $59M From $59M – $62M Prior, Vs. $60.35M Estimate
FY 2022 Financial Guidance and Outlook
Reed's expects 2022 net sales to range between approximately $56-59 million, reflecting growth of approximately 13-19% from 2021. The Company also expects gross margin in 2022
