Ride-hailing company Lyft just completed their initial public offering (IPO) earlier this year and Uber is just days away from doing the same. Last year Uber lost over $3 billion and Lyft was a big loser as well. I was flabbergasted to hear one of the chief executives of Uber tell financial analyst that Uber may never be profitable under the current business model. WOW! Wallstreet is not going to put up with losses and will demand that the prices for Uber rides go up to build a profitable model. Realistically, Uber and Lyft don’t make economic sense until self-automated vehicles remove the cost of the driver from the equation. I have a simple question, How can a company like Uber, be worth $80 Billion when they lost $1 to $3 Billion a year for the last 10 years? If you buy Uber or Lyft stock I also have some swamp land I would like to sell you.
I’m really worried that airline prices are going to go sky-high this summer –
The signals all around us are pointing to full planes and higher airfares for travel this summer. The economy is booming, everyone who wants a job has a job, and this year promises to be a record-setting year for the number of travelers. Add to this the loss of hundreds of airplanes that have been pulled out of service as the Boeing 737 MAX airplane is being pulled back for safety considerations. If you have tried to find seats to use your frequent flyer miles this summer you know that free seats are becoming more difficult to find each passing day. The bottom line is as planes fill up prices go up. Don’t wait to book your airline tickets thinking that prices may go down this summer. That will be a losing bet. Call one of our friendly travel advisors at 402-435-8888 and let us help you “Simplify Travel”.
Those tiny shampoo bottles in hotel rooms may soon be history –
Every time I travel I usually grab a small bottle of shampoo and conditioner from my hotel room and take it home to use at the gym and to contribute to homeless shelters. Many hotels today are trying to find ways to encourage sustainability (eliminate plastics) and save money. One major way hotels can save money is by replacing those small individual use shampoo models with the wall hanging dispensers in the shower that dispense body wash, shampoo and conditioner with the simple push of a button. These wall hanging shampoo dispensers are in use already at many economy lodging bathrooms. I expect they will be installed into many three and four-star hotels in the coming months as hotel guests start to accept them. I think that many five-star luxury hotels will still prefer to offer individual plastic bottles of shampoo with luxury brand products. Personally, I don’t like those wall-hanging dispensers as I don’t trust anything liquid that comes in a 55-gallon drum.
American Airlines, Marriott and Southwest Airlines win business traveler awards –
Last week the annual business travel Freddie Awards were awarded and Southwest again took top honors as Program of the Year for their Rapid Rewards program. American Airlines was awarded the Best Elite Program for the AAdvantage Program and Marriott was a surprise winner for their newly launched Bonvoy Program. CLICK HERE for a list of all the winners.
United Airlines launches new paint design for its airplanes –
Our company CEO Paul Glenn was invited by United Airlines to come to Chicago last week for the unveiling of the new paint designed for United’s airplanes. As United’s CEO Oscar Munoz said it was more of an evolution than a revolution as the change basically removed the yellow colors and built a sleek white, gray, and blue contemporary design. United Airlines has been making big moves in many areas in addition to this new livery design. They are expanding to many new destinations, have added hundreds of new airplanes, have made major upgrades to their business class (Polaris) product and have upgraded their lounges. It is great to see a company with such a positive direction and momentum. Three cheers for United! CLICK HERE to see pictures and a video of the new United colors.