SOUTHLAKE, Texas & HOUSTON–(BUSINESS WIRE)–May 15, 2006–Sabre
Holdings (NYSE:TSG) and Continental Airlines (NYSE:CAL) 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 (NYSE:TSG) 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.
CONTACT: Media Contact
Sabre Travel Network
Kathryn Hayden, 682-605-2252
kathryn.hayden@sabre-holdings.com
or
IR Contact
Sabre Holdings
Karen Fugate, 682-605-2343
karen.fugate@sabre-holdings.com
or
Continental Airlines
Corporate Communications, 713-324-5080
SOURCE: Sabre Holdings & Continental Airlines