Sabre Corporation is a travel technology company that operates a global distribution system (GDS) and provides software solutions to the travel industry. Headquartered in Southlake, Texas, the company connects travel suppliers, such as airlines and car rental brands, with travel buyers, including online and offline travel agencies. Sabre's distinctive position lies in its business-to-business travel marketplace, which processes over $110 billion in estimated travel spend annually.
We are subject to a certain degree of revenue concentration among a portion of our customer base. Because of this concentration among a small number of customers, if an event were to adversely affect one of these customers, it could have a material impact on our business. Sabre generates the majority of its revenue and accounts receivable from airlines. (FY2025 Form 10-K)