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Why Shares of Sabre Are Down Today

TheMotleyFool

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Shares of Sabre (NASDAQ: SABR) fell more than 15% on Wednesday after the travel software company said the coronavirus will have "a material impact" on its 2020 financial results, though it is not yet able to tell how big that impact will be.

Sabre, a onetime subsidiary of American Airlines Group, still runs the back-end reservation systems for many airlines. With American and other airline stocks falling due to concerns the coronavirus outbreak will eat into travel demand, it is only logical that Sabre would feel the pinch as well.

Image source: Getty Images.

Source Fool.com

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