Sabre Corp. disclosed Thursday that May air booking were down 62% from the same month in 2019, as global travel trends continue negatively affected by the COVID-19 pandemic. The travel and tourism services provider said passengers boarded were down 44%. Meanwhile, hotel bookings have seen the “strongest improvement,” with gross hotel central reservation system transactions down 35%. The stock rose 0.1% in premarket trading, to buck the selloff in the broader stock market, as futures for the S&P 500 shed 0.8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
