What's Going On With Online Travel Agency Sabre Shares Today?

Sabre Corp SABR has inked a multi-year renewal deal with lastminute.com N.V., a provider of holiday packages that operates a portfolio of well-known brands such as lastminute.com, Volagratis, Rumbo, weg.de, Bravofly, Jetcost and Hotelscan.

As per the deal, lastminute.com will use Sabre's advanced shopping and virtual payment solutions to drive a better customer experience.

Roshan Mendis, Chief Commercial Officer for Sabre Travel Solutions, said, "Lastminute.com has the ability to provide a seamless customer experience from shopping, booking and payment and that translates into the ability to gain more share of wallet for the online travel agency," 

"We help drive conversion with customer-centric technology and cloud-native microservices enabling more agility and shopping products to turbocharge the retailing experience."

Also Read: Sabre Expands Partnership With Virgin Australia With Its Travel AI Solution

Earlier this month, Sabre reported Q3 FY23 adjusted EPS of $(0.06), in line with the consensus, and sales of $740.46 million, beating the consensus of $738.47 million.

Price Action: SABR shares are up by 10.3% at $3.69 on the last check Tuesday.