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Uber aims to be wider travel app as it turns first profit

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The company has expanded its UK app to include planes, as it reports its first-ever operating profit.

The ride-hailing company, famous for upending the global taxi business, wants to do the same for holiday travel, by expanding the services available on its app.

Flight bookings via the Uber app became available in the UK in May. It enabled train and coach bookings in the UK last year. So far, the new offerings have shown few signs of hurting demand for its core taxi service, as had been feared, he added. Mr Khosrowshahi has been pushing the company to improve its bottom line, emphasising cost discipline, with layoffs and other measures, efforts that he said were paying off.

Source: News Formal (newsformal.com)

 

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