Sabre (SABR) and Avelo Airlines said Wednesday they have signed a new deal for Avelo to adopt Sabre's artificial intelligence-powered SabreMosaic Ancillary IQ platform for ancillary service optimization.
Financial terms were not disclosed.
The parties also renewed their collaboration for the airline to adopt Sabre's Radixx platform for its retailing and operational requirements, the companies said.
Sabre's stock was up 3.2% in recent Wednesday trading.
Price: 3.03, Change: +0.09, Percent Change: +3.06
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