Third-quarter revenue was $525 million, up almost 6% from $496 million reported in the same period a year ago. Income, excluding one-time charges, was $53 million, down 13% from the same quarter last year. The company took a $6 million write-off for Ariba Inc. software licenses. It bought the sell-side software to run its online Sabre Marketplace site, which has since been shut down. As part of an effort to reduce costs during the past year, Sabre sold its airline infrastructure outsourcing business to EDS.
Travelocity.com, an online travel company that is 70% Sabre-owned, booked $785 million in reservations for the third quarter of 2001, up almost 21% from the third quarter of last year. Third-quarter revenue was $78 million, compared with $53 million for the same period last year. The site added 1.7 million members, a 30% increase.