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On the upside, Expedia's flight and hotel bookings rose 10% in the second quarter compared to the first quarter following some expense-cutting measures and airline fare cuts.
In the first major fare cuts since the terrorist attacks three weeks ago, United Airlines said yesterday that it was cutting business fares in the United States and Alaska by as much as 50percentt and was eliminating the Saturday-night stay for tickets bought 10 days or three weeks in advance.
"And that's not just the usual economy-class fare cuts.
Fare cuts would clearly hurt the industry's thin profits.
It fought predatory fare cuts and other tactics its competitors used to undermine it.
British Airways Makes Some Fare Cuts Meanwhile, air-fare sales continue, even in Europe.
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So how is he going to pay for his fare cut?
Some of the sounds of the @Uber driver fare cut protest in LIC you're hearing on #1010WINS pIt.twitter.com/5Vltb4lqKD "It's better for me to work at McDonald's," said 29-year-old driver Abdel Badiaa.
And while only about 1 out of 6 customers pays the single-ride fare (the majority use daily, weekly or monthly passes), the transit service expects further ridership gains now with the fare cut in place.
The drivers troubleshoot insurance plans and used cars, try to read the tea leaves on Uber announcements, commiserate when they all wake up to a new (usually unannounced) fare cut, or celebrate successful days of catching high surge fares.
And that was before today's 25% uberX fare cut.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com