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Sabre Global Distribution System, owned by Sabre Corporation, [1] is a travel reservation system used by travel agents and companies to search, price, book, and ticket travel services provided by airlines, hotels, car rental companies, rail providers and tour operators.
An airline consolidator is a wholesaler of airline tickets, sometimes described as a broker. [1] Airlines make tickets available to consolidators at significant discounts and special conditions to those available to the general public.
The International Airlines Travel Agent Network (IATAN) is a Miami-based trade association in the United States representing the interests of its member companies and the U.S. travel distribution network (travel agencies). [1] [2] It is an independent department of the International Air Transport Association (IATA). [3]
The International Air Transport Association (IATA / aɪ ˈ ɑː t ə /) is an airline trade association founded in 1945. [5] IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing.
In 1994, a new, 33,000 sq ft (3,100 m 2), $11-million terminal opened, replacing the cramped original building.Simultaneously, the runway was extended from 5,801 feet (1,768 m) to 6,602 feet (2,012 m); the runway was subsequently extended in 2009 to its present 6,977 feet (2,127 m) as part of a runway-safety extension project that added 375 feet (114 m) of additional takeoff pavement to Runway 14.
In January 2015, the app was launched with functions such as flight price prediction and real-time price monitoring. [7] In March 2016, $62 million was received in funding to further develop its airfare prediction algorithm. [8] A year later, in 2017, the company expanded its platform by adding a hotel booking service. [9]
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