Sabre Corp

SABR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$1.00	Lwzvww	Mghqylty

Sabre Earnings: Air Volume Share Gains and Sales, Profit, Free Cash Flow Improvement; Shares Cheap

Dan Wasiolek

May 2, 2024

Sabre’s first quarter showed demand and profitability improvement, leading management to increase its 2024 sales and EBITDA guidance near our preprint forecast. We don’t expect a material change to our $5 fair value estimate, leaving shares of this narrow-moat company undervalued.

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