After becoming adjusted EBITDA-profitable for the first time ever in Q2 2021, Lyft keeps it rolling with another solid quarter.
In some big news for the rideshare giant, Uber on Tuesday revised its Q3 2021 outlook and now expects earnings before interest, taxes, depreciation and amortization to be positive as early as this quarter. Shares of the company’s stock ended the day up about 11.5% on the news. In an SEC filing, Uber (NYSE: UBER) […]
“One of the most remarkable asset plays in recent memory.” – Ship brokerage Compass Maritime
Sustainability has garnered a reputation as cutting edge and costly. There are ways to embrace environmentalism without breaking the bank. In fact, becoming more sustainable can actually drive profits higher.
Cargo has been the airline industry’s all-star performer since the pandemic began. Profits are soaring, but it’s not enough to overcome huge losses from the travel side.
Southwest Airlines wrote its second-quarter results in red ink — $1.5 billion to be exact. It is not alone. All airlines are suffering financially from the coronavirus crisis.
Airlines continue to send out SOS distress signals. The industry’s main trade association says profit margins will drop 20% this year, but the increased reliance on air cargo is helping companies stay alive and keep employees.
E-scooter startup Lime is stopping operations in a dozen cities across the world and laying off 14% of its workforce.
With enough investor capital and vision, profit might not matter as much as analysts think.
While the passenger side has been experiencing growing demand, the industry’s overall profitability is still being dragged down by the smaller cargo side.
