Sabre Holdings and Continental Airlines Sign New Five-Year, Full Content Agreements
May 15, 2006
Sabre Holdings and Continental Airlines today announced that Continental has signed new five-year, full content agreements with Sabre Travel Network and Travelocity.
Through the agreement with Sabre Travel Network, all Continental published fares and inventory will be available for subscribers of the Sabre global distribution system (GDS), including online and offline travel agencies. This includes published fares that the airline sells through any third-party Web site and through its own Web site and reservation offices.
Concurrent with that agreement, Continental also signed a new five-year, full-content agreement with Travelocity.
"This long-term agreement ensures travel agencies that they will have full access to all fare information for Continental," said Hugh Jones, chief operating officer, Sabre Travel Network. "This in turn means that their customers, both business and leisure travelers, can be assured of getting the best price with the convenience and service they have come to expect."
"We are pleased to provide Sabre subscribers with access to our full content offering through this agreement," said Jim Compton, executive vice president of marketing, Continental Airlines. "Continental has been a strong advocate for change on distribution efficiency through the GDS channel. This new agreement will help us to make additional progress towards that goal."
About Continental Airlines
Continental Airlines is the world's sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,200 daily departures throughout the Americas, Europe and Asia, serving 151 domestic and 137 international destinations. More than 400 additional points are served via SkyTeam alliance airlines. With more than 42,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 61 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.
For the third consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2006 list of Most Admired Global Companies. For more company information, visit continental.com.
About Sabre Travel Network
Sabre Travel Network, a Sabre Holdings company, provides access to the world's leading global distribution system (GDS). The Sabre GDS is a ready- built efficient marketplace that connects suppliers, including hundreds of airlines and thousands of hotels, with more than 50,000 travel agency locations. Suppliers get access through one single connection; travel agents get real time access to thousands of travel products from multiple suppliers through one source integrated into their businesses; consumers get access to a global supermarket of the world's greatest travel possibilities.
Key brands of Sabre Travel Network include GetThere, the leading Web-based corporate travel reservation technology, and Jurni Network, the unique leisure travel agency consortium in the United States that enables members to sell more products from preferred travel suppliers using sophisticated market intelligence.
Sabre Holdings connects people with the world's greatest travel possibilities by retailing travel products and providing distribution and technology solutions for the travel industry. More information about Sabre Holdings is available at http://www.sabre-holdings.com/.
Statements in this release which are not purely historical facts or which necessarily depend upon future events, including statements about the value expected from the agreements with Continental Airlines and Sabre Holdings Corporation's statements about anticipations, beliefs, expectations, hopes, intentions or strategies for the future, may be forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward looking statements. All forward looking statements are based upon information available to Sabre Holdings Corporation on the date this release was issued. Sabre Holdings Corporation undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Any forward looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward looking statements, including risks or uncertainties related to Sabre Holdings Corporation revenues being subject to adverse changes to our travel supplier relationships and potential substantial decreases in travel transaction volumes. Sabre Holdings Corporation may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Sabre Holdings Corporation's most recent filing on Form 10-K with the Securities and Exchange Commission.
Sabre Holdings; Continental Airlines