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Rise in travel demand allows Sabre to post $21 million quarterly net income.
By Andrea Ahles, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Feb. 4--SOUTHLAKE -- Sabre Holdings reported $21 million in net income last quarter as demand for travel increased and the Southlake company kept operating costs under control.
The fourth-quarter profit was a significant turnaround from the company's $13.8 million loss in the same quarter last year. Revenue also grew 6 percent to $495.9 million compared with $467.3 million in the fourth quarter of 2003.
"We successfully executed on the plan we laid out in the beginning of 2004," said Sam Gilliland, Sabre's chief executive.
Last year, the company …
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