[UPDATE, May 8, 2020: Sabre opted not to pursue financial relief via the CARES Act loan program for the aviation industry. Following a $1.1 billion capital raise in mid-April and plans to cut $325 million in costs, "we believe our current liquidity is sufficient for more than a year and a half, even in a zero-bookings, no-travel scenario," according to CEO Sean Menke.]

Sabre is considering applying for federal relief, which would require it to agree to partial government ownership and constraints on payments to shareholders and certain employees. Like travel . . .

The full content is available to subscribers

Reminder: As per our Subscriber Agreement, reproduction or distribution of content and sharing user names and passwords are strictly prohibited.

Notify of