“Cost exercise” starting again..anyone with more insights?
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Again, I say re-shore and remove vendors from the equation. Problem solved
Sabre is a sinking ship. Expect leadership to give themselves a generous bonus no matter where the share price ends up - as of today it is near the all time low.
Not heard of that. EBIT margins still pathetic at 11%, vs 27% at Amadeus, and vs 12-15% at Sabre in the pre-covid years. This company is inefficient and its cash is being su-ked out by the lenders.
Sabre management recently announced the wonderful new partnership with Coforge to develop new AI solutions...wasn't this what the Google partnership was for? They didn't bother to explain why this partnership was necessary.
Guess Sabre can't get enough of outsourcing absolutely everything.
As Ekert put it, "Sabre is in an advantaged position to pioneer, build, and deploy the next generation of solutions". This is of course very true if you consider it an "advantaged position" to be bleeding from top line to bottom line, suffocating under a pile of debt, and if by Sabre "pioneering, building and deploying" solutions, you mean Sabre just buying these solutions from third-party providers like Google and Coforge who charge a profit on them which Sabre will therefore not be making, and who also sell them to the rest of the market.
What a catastrophe.