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BUSINESS
December 15, 1999 | SHERRI CHUNN, ASSOCIATED PRESS
AMR Corp. said it plans to spin off its 83% interest in Sabre Holdings Corp., a deal worth about $6.2 billion, in an attempt to attract more business for the computer reservation company and enhance the value of both firms. AMR, parent of American Airlines, said Tuesday it will distribute its 107 million shares of Sabre stock to shareholders at the rate of 0.7 of a Sabre share for each AMR share.
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BUSINESS
May 13, 2005 | From Bloomberg News
Sabre Holdings Corp., the owner of Travelocity.com, agreed Thursday to acquire Lastminute.com of Britain for $1.1 billion to overtake Cendant Corp. as Europe's largest online travel service. Southlake, Texas-based Sabre and competitors Cendant and Expedia, owned by Barry Diller's IAC/InterActiveCorp, are carving up the Internet travel industry as more people buy airline tickets and hotel rooms over the Web.
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BUSINESS
March 17, 2000
Sabre Holdings Corp., the largest travel reservation company, and Internet site Flightserv.com plan to market individual seats on chartered private jets to business travelers. Sabre will provide Flightserv.com's information on available seats to more than 300 companies and 47,000 travel agents that use the Sabre system.
BUSINESS
August 26, 2004 | From Bloomberg News
Northwest Airlines Corp. sued Sabre Holdings Corp. for breach of contract, saying Sabre was making it difficult for travel agents to sell Northwest tickets using Sabre's travel-booking systems. The suit, filed in U.S. District Court in Minnesota, says a recent Sabre policy change made it more difficult for travel agents to view Northwest flights and sell Northwest tickets and breached a July 2003 contract, Eagan, Minn.-based Northwest said.
BUSINESS
July 9, 1998 | The Washington Post
The nation's largest airline reservation system may soon sell information about some passengers' destinations, hotel accommodations and other travel arrangements under a marketing proposal that could raise new questions about privacy. Sabre Group executives said they plan to use data warehouses--sophisticated computer technology that vastly increases the speed of information processing--in a variety of promotions.
BUSINESS
April 6, 2001 | JAMES F. PELTZ, TIMES STAFF WRITER
Sabre Holdings Corp. and its stock are riding high again after rebounding from a slump a year ago. But the operator of the world's biggest airline reservations system is bracing for another potential downdraft later this year. Growth in airline travel is beginning to stall. All major carriers have issued warnings that their first-quarter profits will be hurt by a decline in business passengers, and there's concern that if the economy keeps slowing, leisure travel also will suffer.
BUSINESS
July 12, 2004 | Joseph Menn, Times Staff Writer
To see why Oracle Corp. Chief Executive Larry Ellison is so intent on gobbling up business software maker PeopleSoft Inc., look no further than Sabre Holdings Corp. Two years ago, the multibillion-dollar travel services company set up an elaborate test to determine which database program could best handle the stresses of tens of millions of customers looking for the best airfares on its Travelocity.com website.
BUSINESS
August 29, 2000 | Bloomberg News
Sabre Holdings Corp., the largest travel-reservation company, said it would cut 1,200 jobs, or 11% of its work force, and will acquire rival GetThere Inc. for $757 million in cash. Fort Worth-based Sabre will take a $20-million charge in the third quarter for cuts through attrition and firings, a move the company expects will save about $100 million annually starting next year. The purchase of Menlo Park, Calif.-based GetThere, a provider of travel services to companies such as Boeing Co.
BUSINESS
April 9, 2003 | From Bloomberg News
Sabre Holdings Corp., the biggest U.S. travel-reservations company and owner of Travelocity.com, said first-quarter profit fell short of lowered forecasts as the war in Iraq caused customers to travel less. Profit, excluding a one-time gain and some costs, was 36 cents a share according to preliminary figures, Sabre spokesman Michael Berman said. On March 11, Sabre cut its forecast for the quarter to a profit of 38 cents to 42 cents a share on that basis. Shares of Sabre fell 99 cents to $15.
BUSINESS
August 26, 2004 | From Bloomberg News
Northwest Airlines Corp. sued Sabre Holdings Corp. for breach of contract, saying Sabre was making it difficult for travel agents to sell Northwest tickets using Sabre's travel-booking systems. The suit, filed in U.S. District Court in Minnesota, says a recent Sabre policy change made it more difficult for travel agents to view Northwest flights and sell Northwest tickets and breached a July 2003 contract, Eagan, Minn.-based Northwest said.
BUSINESS
July 12, 2004 | Joseph Menn, Times Staff Writer
To see why Oracle Corp. Chief Executive Larry Ellison is so intent on gobbling up business software maker PeopleSoft Inc., look no further than Sabre Holdings Corp. Two years ago, the multibillion-dollar travel services company set up an elaborate test to determine which database program could best handle the stresses of tens of millions of customers looking for the best airfares on its Travelocity.com website.
BUSINESS
April 9, 2003 | From Bloomberg News
Sabre Holdings Corp., the biggest U.S. travel-reservations company and owner of Travelocity.com, said first-quarter profit fell short of lowered forecasts as the war in Iraq caused customers to travel less. Profit, excluding a one-time gain and some costs, was 36 cents a share according to preliminary figures, Sabre spokesman Michael Berman said. On March 11, Sabre cut its forecast for the quarter to a profit of 38 cents to 42 cents a share on that basis. Shares of Sabre fell 99 cents to $15.
BUSINESS
April 6, 2001 | JAMES F. PELTZ, TIMES STAFF WRITER
Sabre Holdings Corp. and its stock are riding high again after rebounding from a slump a year ago. But the operator of the world's biggest airline reservations system is bracing for another potential downdraft later this year. Growth in airline travel is beginning to stall. All major carriers have issued warnings that their first-quarter profits will be hurt by a decline in business passengers, and there's concern that if the economy keeps slowing, leisure travel also will suffer.
BUSINESS
August 29, 2000 | Bloomberg News
Sabre Holdings Corp., the largest travel-reservation company, said it would cut 1,200 jobs, or 11% of its work force, and will acquire rival GetThere Inc. for $757 million in cash. Fort Worth-based Sabre will take a $20-million charge in the third quarter for cuts through attrition and firings, a move the company expects will save about $100 million annually starting next year. The purchase of Menlo Park, Calif.-based GetThere, a provider of travel services to companies such as Boeing Co.
BUSINESS
March 17, 2000
Sabre Holdings Corp., the largest travel reservation company, and Internet site Flightserv.com plan to market individual seats on chartered private jets to business travelers. Sabre will provide Flightserv.com's information on available seats to more than 300 companies and 47,000 travel agents that use the Sabre system.
BUSINESS
December 15, 1999 | SHERRI CHUNN, ASSOCIATED PRESS
AMR Corp. said it plans to spin off its 83% interest in Sabre Holdings Corp., a deal worth about $6.2 billion, in an attempt to attract more business for the computer reservation company and enhance the value of both firms. AMR, parent of American Airlines, said Tuesday it will distribute its 107 million shares of Sabre stock to shareholders at the rate of 0.7 of a Sabre share for each AMR share.
BUSINESS
May 13, 2005 | From Bloomberg News
Sabre Holdings Corp., the owner of Travelocity.com, agreed Thursday to acquire Lastminute.com of Britain for $1.1 billion to overtake Cendant Corp. as Europe's largest online travel service. Southlake, Texas-based Sabre and competitors Cendant and Expedia, owned by Barry Diller's IAC/InterActiveCorp, are carving up the Internet travel industry as more people buy airline tickets and hotel rooms over the Web.
BUSINESS
September 2, 1999 | Bloomberg News
Sabre Holdings Corp., the world's largest travel-reservation company, said it fired 329 employees, or about 3% of its work force, to reduce costs because of lower sales in its computer-services business. Sabre, which employs about 11,000 people worldwide, expects to take a third-quarter charge of up to $7 million for the firings, the company said. Most of the jobs were cut at its headquarters in Fort Worth, Texas, and at offices in Winston-Salem, N.C., and Washington.
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