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Sabre Set To Financially Weather 18 Months Of 'Zero Bookings, No Travel'

Following its efforts to slash costs and raise capital, Sabre's liquidity position "is sufficient for more than a year and a half, even in a zero-bookings, no-travel scenario," president and CEO Sean Menke said Friday during the company's first-quarter results call.
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Travelport Fumes As Wex Backs Out Of eNett Acquisition

Wex has backed out of its deal to acquire travel payments operator eNett from majority owner Travelport.
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Farelogix CEO Disappointed In Sabre Deal Outcome, Ready To Go It Alone

"Are we disappointed? Sure. This is what we worked for," Farelogix CEO Jim Davidson said about last week's merger termination with Sabre. "We believed that Sabre-Farelogix made a lot of sense. So we fought for it. In the end, it didn't work out the way we wanted."
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GBTA Assesses Member Comfort With Opening Up Employee Travel

GBTA Assesses Member Comfort With Opening Up Employee Travel
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Frosch Travel's Insurance Lawsuit Illustrates Common Covid-19 Theme

Frosch Travel estimated in a lawsuit against its commercial insurance provider filed last week that it "suffered losses of approximately $40 million, and that number is rapidly increasing," due to the Covid-19 crisis. Like other businesses, Frosch filed a claim with its insurance provider to collect on its policy. However, the insurance company rejected the claim, prompting Frosch to file suit.
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Sabre, Farelogix Call It Quits

Sabre and Farelogix have terminated their merger agreement that expired Thursday at the stroke of midnight, dashing their November 2018 plans to wed. The decision to walk away from an acquisition comes amid the U.K. Competition and Markets Authority's decision this month to outright block the transaction and against a backdrop of a pandemic-ravaged travel industry scrapping for survival.
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TMCs Shaping Tech Tools To Contain Unused Ticket Tsunami

Unused ticket tracking long has been a fixture of the travel management toolkit. But the industry never was fully prepared for what has been an unprecedented spike in cancellations, a breakneck pace of airline ticket policy changes or such swollen banks of unused tickets that await redemption.
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TMC TravelStore Buoys California Program To House Healthcare Workers

Unlike many travel management companies these days, Los Angeles-based TravelStore's agents are busy and phones are ringing. As the state of California's travel management contractor, the TMC this month became the front end of a state-backed program to match healthcare workers, at risk of Covid-19 exposure, with free or discounted hotel rooms.
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STR's Q1 U.S. Hotel Industry Metrics

STR's Q1 U.S. Hotel Industry Metrics
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Travelport Will Pay TMC Incentives, Count Segments On Southwest Bookings

Travelport will pay travel management companies per-segment incentives on Southwest Airlines bookings, according to a memo to travel agencies this week from the global distribution system operator.
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