Airlines’ business practices never cease to amaze me. It appears that the “extra fees” (read blankets, ear buds, movies, baggage, change fees etc.) now make up ~10% of total revenue according to an article in the NYTimes. The data is actually from a survey from hopper.com – full data here. All this while the quality of “service” continues to be awful at best. Read and weep.
- Apparently, only ~6% of American mobile phone users use Uber (or Lyft) once or more a month. I could have sworn it would be much higher. No wonder Uber’s valuation is sky high.
- Despite it’s high valuation (~$70B), it hasn’t had a CFO in 2 years
- A growing percentage of Uber employees don’t see themsevles there in 2 years
- At least 6 key execs and senior employees have left in the last few months including several of the tech leaders in mapping, AI
- Uber’s share in the US market has fallen from 80% to 74% (with most of that going to Lyft)
Worth a quick read.
This may be interesting for consultants on the go. RoamFitness is apparently opening a bunch of gyms at airports for $40/day or $600/year. Right now they just have BWI (Baltimore) but plan to seem to have plans for a bunch more.
To avoid overcrowding they limit it to 20 people at a time. Plus, (thankfully for their fellow passengers), they have showers onsite too.
This one should resonate with frequent fliers
Another good one from the New Yorker.
Another funny one from the New Yorker
Nice little article in the New Yorker this week about a company, Juno, that’s trying to take on Uber, by essentially treating its drivers better: 10% commission instead of ~25% and a opportunity for the drivers to take a stake in the company.
Right now it just operates in NYC. Worth a quick read.
The Economist had a nice article on Uber this week and how it’s poised for world domination.
Apparently, it now operates in 72 countries, 425 cities, with an estimated revenue of ~$4B/year. However, most of Uber’s bookings are just made in 20 of those 425 cities. Worth a quick scan.