- Sabre Corp SABR has terminated its distribution agreement with Aeroflot, the largest government-majority-owned carrier in Russia, in the wake of the Ukraine-Russia crisis.
- The company said it is taking immediate steps to remove Aeroflot flight content from its global distribution system (GDS).
- GDS is a marketplace used by travel agencies, travel websites, and corporations to shop, book, and service flight reservations.
- "We are taking a stand against this military conflict. We are complying, and will continue to comply, with sanctions imposed against Russia," said CEO Sean Menke.
- Price Action: SABR shares are trading lower by 5.33% at $9.51 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
