Pros:
It is a job
Cons:
Company bankrupt within 2-3 years
CEO is a greedy, arrogant, liar
Say bye bye to WFA
Salary adjustments lowest in industry
Attribution = more work for others
6 replies (most recent on top)
There is almost no debt to refinance before 2027.
Sales are continuing to rise through volume and fee increases, and it's likely rates will come down a bit too, improving levered free cash flow.
Three years is a long way away, and there is good growth potential before then from: continued TMC bookings recovery, inflation pushing up fees per booking, and continued secular growth in general air travel demand. Each one of these components can be reasonably expected to contribute low single digits top line growth per year.
Also, by 2027, if there has been enough improvement to free cash flow, lenders will be happy to mostly roll their debt over - even if with more stringent conditions. They won't require Sabre to be back to perfect 2019 health in order to refinance, just like they haven't required this throughout the pandemic and its fallout. Lenders are not in the business of taking over unless they absolutely have too.
What a stupid post. You answered your own question. Go away.
Whenever my van doesn't start, I just kick it down the road... or is that what people do with cans LOL
Leadership has too much stock to declare bankruptcy. That stock will be worth a lot of money by 2030.
You don’t believe in bankruptcy and it’s not that bad! blah haha! Are you kidding me? That have not profited 1 red penny since 2020 and are over $5 billion in debt. How are they going to pay it? They can’t continue to kick the van forever. Bankruptcy will come. The only question is why. No acquisition either - no one is going to buy a low profitability company with that much debt.
Somebody will take the PSS solution and further whittle down Sabre offerings and it will survive.
KE will come out looking like a visionary hero..
I don't believe in bankruptcy. Acquisition - maybe. But the financial situation is not that bad (the risk of default is elevated, but still small). The default risk based on credit rating should be 10-15% in the next 10 years.