Sabre raises 2026 EBITDA outlook and renews United Airlines distribution deal

what happened

Sabre has raised its adjusted EBITDA guidance for 2026 by $10 million, to roughly $610 million, according to TradingView. The company now expects free cash flow of about minus $50 million, a figure that includes $60 million of restructuring expenses.

In the third quarter, marketplace lodging and other bookings grew 8%, and hotel revenue rose 14%. Payments gross spend climbed 27% year on year, and revenue grew at a double-digit pace.

Sabre also renewed its distribution contract with United Airlines, which keeps its access to NDC content. NDC bookings accounted for 5% of its air marketplace bookings in the quarter. The company reported four airline technology launches that are either finished or in progress, and it secured a Mosaic and Offer Order contract with Kenya Airways. Demand is highest for offer-side tools, while adoption of order tools trails behind.

why it matters

For investors, the higher outlook and steady bookings growth stand out, but the forecast negative free cash flow in 2026 due to restructuring weighs on the cash picture. TradingView notes the summary was AI-generated, so key figures should be checked against company filings.

market impact

Sabre (SABR): higher EBITDA guidance supports the stock, while negative cash flow weighs

• ↔Sabre shares (SABR) mixed — higher EBITDA outlook is offset by a forecast negative free cash flow

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