SOUTHLAKE, Texas, Dec. 20, 2016 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR) released the following statement on
today's verdict in the US Airways litigation:
"The jury sorted through a complicated case that involved
hypothetical economic theories, intricate technology discussions,
and months of testimony. We continue to believe we operated
fairly and lawfully in an extremely competitive marketplace as
Sabre provides efficient distribution, innovative technology and
transparency that benefits suppliers, travel agents and consumers
alike. We will continue to defend the interests of consumers who
seek transparent and efficient shopping, booking and servicing of
travel; we therefore expect to file a motion to set aside the
verdict immediately, which would award $5.1
million in single damages to US Airways. To the extent the
Court declines to grant the motion to set aside the verdict, we
will pursue an appeal. Sabre believes it acted lawfully and fairly,
and we do not anticipate any impact to existing offerings. In the
meantime, we will continue to work with American Airlines, focusing
our efforts on helping them drive business success with smart
technology."
About Sabre
Sabre Corporation is the leading technology provider to the
global travel industry. Sabre's software, data, mobile and
distribution solutions are used by hundreds of airlines and
thousands of hotel properties to manage critical operations,
including passenger and guest reservations, revenue management,
flight, network and crew management. Sabre also operates a leading
global travel marketplace, which processes more than US$120 billion of global travel spend annually by
connecting travel buyers and suppliers. Headquartered in
Southlake, Texas, USA, Sabre
serves customers in more than 160 countries around the world.
SABR-F
Contacts:
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Media
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Investors
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Tim
Enstice
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Barry
Sievert
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+1-682-605-6162
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sabre.investorrelations@sabre.com
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tim.enstice@sabre.com
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visit:http://www.prnewswire.com/news-releases/sabre-statement-on-us-airways-litigation-300382232.html
SOURCE Sabre Corporation