Sabre reports strong 2Q 06

Sabre Holdings Corporation has reported its financial results for the second quarter of 2006.

The company reported revenue for the second quarter of $723 million, up 17 percent, year-over-year. Diluted earnings per share were $0.45 on an adjusted basis compared to $0.42 in the year-ago quarter. On a GAAP basis, diluted earnings per share were $0.26, which includes amortization of intangibles from lastminute.com, losses on the sale of non-core businesses in Europe, and expensing of stock options, compared to $0.34 in the same period last year.

“We had a strong second quarter both financially and operationally,” said Sam Gilliland, Chairman and CEO, Sabre Holdings. “We are pleased to see continued strength in cash generation from our businesses and we remain on track to meet our full-year free cash flow projection. We continue to benefit from our strategy of investment in higher growth opportunities while increasing efficiencies in our core business and across our portfolio.”

For full results click here
——-