Sabre's Airline-GDS Discount Deals Will Cut Jobs

Sabre Holdings Corp. today told employees it "expects to conduct layoffs in the fourth quarter of 2003" thanks, in part, to a reduction in its "operating profit estimated at greater than 30 percent under its current cost structure resulting from the annualized impact of DCA 3-Year Option agreements with airlines participating in the Sabre GDS." Those include deals with American, Continental, Delta, Northwest, United and US Airways (BTN, Aug. 11).