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Sabre Announces Drop in GDS booking Fee
Bowing to pressure from its airline partners, Sabre’s GDS division – Sabre Travel Information Network Group announced at 12:01 CST Wednesday April 1st that effective immediately it is lowering its standard segment booking fee to $1.00 worldwide.
Commenting on the dramatic change in revenue model, Sabre’s new chairman Robert Crandall said: for some time we have avoided pricing our product at a competitive price. The new Sabre management team under my leadership is determined to assert its dominance. “We will not be undersold by anybody period”, he stated categorically. “From this day forward Sabre will be lean mean and a little bit green” he added with a nod to the environmental lobby. As the revenue model is changing so will the cost side. Sabre totally will slim down to less than 500 people down from more than 9000 at the end of 2008.
Commenting on its future, Technology direction, Max Hopper the new CTO Emeritus for Sabre Holdings announced concurrently several major initiatives. Henceforth Sabre will no longer issue any paper from its system. All output formats will be purely electronic. Sabre will move totally to OpenSource software making all of its products immediately available under the OSI contract: http://www.opensource.org/docs/osd
Sabre’s CEO, Sam Gilliland who has shed the Chairman’s position said he will focus the company into 2 divisions and has put its unprofitable Travelocity Division up for sale.
Sabre is a privately held Corporation and is not required to file any statements for future revenue or corporate responsibility.
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