Sabre Forecasts 4Q01

The Fourth Quarter Financial Outlook Conference Call Will Be Available Via Web Cast From

at 10 a.m. Central Time, on Dec. 18, 2001

Sabre Holdings Corporation
(NYSE: TSG) has provided financial guidance for the fourth quarter 2001 that
is at the higher end of earlier expectations, and provided guidance for the
full year of 2002.
Based on improving global travel booking trends, Sabre now forecasts
fourth quarter earnings per share, excluding special items, in the $0.00 to
$0.05 range, versus ($0.15) to $0.05 provided in earlier scenarios.  The
company also narrowed its fourth quarter, 2001 revenue expectation to
$415 million to $430 million, from the $380 million to $430 million range in
earlier scenarios.
“With global travel bookings trending upward, we now expect bookings in
the fourth quarter to be closer to 20 percent down year over year, rather than
30 percent down,” said William J. Hannigan, Sabre chairman and CEO.  “We also
believe the gradual improvement in bookings we are seeing is indicative of
what will continue next year.”
The fourth quarter guidance reflects the short-term realities of the
travel market, along with the impact from the seasonally slower bookings
quarter, and the company`s customer relief efforts undertaken in recent
With booking volumes expected to remain down in 2002, Sabre recently
completed significant expense reductions and cost avoidance of approximately
$100 million.  This included expense reductions in several areas, including
headcount, contract labor, and advertising and promotion.


  Based on current travel bookings data and analysis, the company projects
its 2002 earnings per share, excluding special items, will be in the range of
$1.80 to $1.90, which would be 7 to 12 percent growth compared to the current
consensus for 2001 EPS of $1.69.  These projections are based on total 2002
global booking levels remaining down by about seven percent, year over year.
The company projects 2002 revenues will grow in the range of one to five
percent, year over year.
“With the steps we have taken in the areas of expense reduction and cost
avoidance, our cost structure is more in line with the realities of a
gradually recovering industry,” said Hannigan.  “We will, however, continue to
invest in higher growth businesses, such as online leisure and online
corporate.  We are well positioned for the industry`s recovery and a return to
more robust revenue and earnings growth in 2003.”

About Sabre

  Sabre is the leading provider of technology, distribution and marketing
services for the travel industry.  Headquartered in Dallas/Fort Worth, Texas,
the company has approximately 6,000 employees in 45 countries.  Sabre
maintains an ownership interest of approximately 70 percent in
(Nasdaq: TVLY), the world`s leading online B2C travel site; and it owns
GetThere, the world`s leading provider of Web-based B2B travel reservation
systems.  Sabre is traded on the New York Stock Exchange (NYSE: TSG).