Sabre expects its $360 million acquisition of Farelogix to close in the "mid part of the year," later than expected, as the U.S. Department of Justice takes a deeper look at the proposed transaction, Sabre president and CEO Sean Menke said Tuesday during the company's fourth-quarter financial results call.
Sabre has agreed to acquire 100 percent of Farelogix for $360 million.
As the only remaining defendant in a consumer-led lawsuit against the three major global distribution systems, Sabre has moved to settle out of court with each of the remaining plaintiffs.
Total bookings processed via the Sabre global distribution system rose nearly 8 percent year over year during the third quarter to 140 million, the company reported Tuesday. Air bookings rose 8 percent to 123 million, while non-air bookings, including lodging and ground, rose 7 percent to 17 million.
Sabre will sunset Prism Group's Avion travel management software product at the end of the year.
Total bookings processed through the Sabre global distribution system rose nearly 8 percent year over year during the second quarter to 141 million. Sabre got a big boost from Australia-based Flight Centre, which in the past year finished converting GDS business in Australia and New Zealand from Travelport to Sabre.
This morning, Amadeus announced Carlson Wagonlit Travel entered into "a multi-year renewal and expansion of a long-term business partnership." Sabre, too, inked CWT to "a new long-term agreement that broadens their long-standing business partnership and deepens the companies' close collaboration on technological innovations being developed for mutual growth and success."
The European Commission on Friday announced it has opened an investigation into Amadeus and Sabre to explore whether the agreements each has with airlines and travel agencies "restrict competition in breach of E.U. antitrust rules."
The U.S. Second Circuit Court of Appeals on Dec. 13 will hear arguments from Sabre and American Airlines on their respective appeals of various rulings and decisions in the antitrust case, initially filed by US Airways in 2011, that a jury decided two years ago, according to a scheduling notice this week.
American Express Global Business Travel, Carlson Wagonlit Travel and Flight Centre Travel Group have committed to work with Sabre to pilot "end-to-end" distribution capabilities that align with the New Distribution Capability standard. Sabre on Tuesday also named American Airlines as the first carrier to participate in tests.