Sabre Holdings Signs New Five-Year, Full-Content Agreements with Alaska Airlines

SOUTHLAKE, Texas–(BUSINESS WIRE)–July 19, 2006–Sabre Holdings
(NYSE:TSG) today announced that Alaska Airlines (NYSE:ALK) has signed
new five-year, full-content agreements with Sabre Travel Network and

Through the agreement with Sabre Travel Network, the full content
of Alaska Airlines fares and inventory will be available to
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.

As part of the agreement, Alaska Airlines has become a
participating carrier in Sabre’s recently announced Efficient Access
Solution. The program is a balanced, multilateral approach that
provides key long-term assurances and a broad set of protections,
including full content and service fee protection, for travel agents
in the U.S., Bermuda and the Caribbean.

In addition, Alaska Airlines will continue its full-content
relationship with Travelocity.

“We are excited to strengthen our relationship with Alaska
Airlines,” said Hugh Jones, chief operating officer, Sabre Travel
Network. “This agreement fuels momentum for the Efficient Access
Solution, and it reinforces the value of the efficient marketplace
that Sabre and its agencies provide.”

“Alaska Airlines is pleased to continue our long-standing
relationships with Sabre Travel Network and Travelocity,” said Steve
Jarvis, vice president of sales and customer experience for Alaska
Airlines. “We look forward to opening a new chapter in this
relationship and providing maximum value to Sabre subscribers,
including access to all fares.”

About Alaska Airlines

Alaska Airlines and sister carrier, Horizon Air, together serve 88
cities through an expansive network throughout Alaska, the Lower 48,
Canada and Mexico. For reservations visit For more news
and information, visit the Alaska Airlines/Horizon Air newsroom at

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

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: Sabre Travel Network, Southlake
             Media Contacts
             Kathryn Hayden, 682-605-2252
             Sabre Holdings, Southlake
             IR Contact
             Karen Fugate, 682-605-2343

    SOURCE: Sabre Holdings