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Sabre Corporation announced financial results for the quarter ended March 31, 2018. Highlights First quarter revenue increased 8.0% Travel Network revenue rose 8.7%, with bookings growth of 5.7% Airline Solutions revenue grew 6.7% Hospitality Solutions revenue grew 5.8% Net income attributable to common stockholders increased 15.7% to USD 87.9 million and operating income increased 1.3% to USD 165.4 million Adjusted Operating Income decreased 6.3% to USD 197.6 million Cash provided by operating activities increased 58.6% to USD 195.2 million Travel Network First quarter 2018 Travel Network revenue increased 8.7% to USD 721.1 million. Global bookings increased 5.7% in the quarter, supported by an increase of 19.7% in Asia-Pacific that reflects the first quarter completion of the Flight Centre agency conversion and strong market growth. Bookings also increased 3.0% in North America, 1.7% in EMEA and 0.5% in Latin America. Operating income decreased 7.7% to USD 210.7 million. Adjusted Operating Income decreased 7.5% to USD 211.8 million. Airline Solutions First quarter 2018 Airline Solutions revenue increased 6.7% to USD 206.6 million. Operating income and Adjusted Operating Income increased 55.7% to USD 30.7 million. Hospitality Solutions First quarter 2018 Hospitality Solutions revenue increased 5.8% to USD 68.1 million. Central reservation system transactions totaled 17.0 million. Operating income and Adjusted Operating Income increased to USD 2.1 million versus a loss of USD 0.3 million in the year-ago period. Full-Year 2018 Guidance
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