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Why Shares of Sabre Are Soaring Today

TheMotleyFool

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Why Shares of Sabre Are Soaring TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Shares of Sabre (NASDAQ: SABR) climbed more than 16% on Thursday thanks to a new partnership with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to expand the use of artificial intelligence (AI) in travel sales. Sabre's airline customers are having a good day as well, helping to boost enthusiasm about the company.

Sabre is a former subsidiary of American Airlines Group that runs airline ticketing and reservation systems. The company has had a hard time of late in part because the coronavirus pandemic has gutted travel demand, but also in part because tech companies like Google have been cutting in on the ticketing business.

Image source: Getty Images.

Source Fool.com

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