Sabre Holdings Reports Financial Results for 2Q 2004

22nd Jul 2004

Sabre Holdings Corporation today announced financial results for the second quarter, 2004.  The company reported second quarter diluted earnings per share of $0.47 on an adjusted basis.  On a GAAP basis, earnings per share were $0.42.  Revenue for the second quarter was $551 million, an increase of about nine percent yearover-year. 

“We had another great quarter,” said Sam Gilliland, president and CEO, Sabre Holdings.  “The company achieved significant earnings growth, doubling our earnings over the same period last year.  Much of that earnings growth came from an increase in travel demand, company-wide cost management, and the profitability turnaround at Travelocity, which improved its operating earnings by over $20 million on a year-over-year basis.” 

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