Sabre Holdings Reports 4Q Financial Results 2003

  Sabre Holdings Corporation
today reported financial results for the fourth
quarter and full year 2003.
The company reported fourth quarter 2003 diluted earnings per share of
$(0.10) on a GAAP basis, and $0.01 per share on an adjusted basis. Revenue
for the fourth quarter was $467 million.

For the full year, the company reported 2003 diluted earnings per share of
$0.58 on a GAAP basis and $0.83 per share on an adjusted basis. Revenue
for 2003 was $2.05 billion on a GAAP basis and $2.0 billion on an adjusted
basis.

“In 2003, we built the foundation to drive more predictable revenues and
expand earnings this year,” said Sam Gilliland, president and CEO, Sabre
Holdings. “We dramatically improved our merchant offerings, created more
value for travel suppliers and agency customers in anticipation of
deregulation, and maintained leadership in our airline optimization
business in a particularly tough environment.

“We also created more value for shareholders through our capital planning
efforts that included instituting a quarterly dividend, which was recently
increased by seven percent, and launching a $100 million stock repurchase
program.

“For 2004, the year is all about profitability and execution,” said
Gilliland. “We have aggressive plans in 2004 to fuel our profitability by
delivering customer-driven products and services while continuing to
improve our cost structure.”
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