Faster driving, experience, and safety were major factors that attributed to earning discrepancies between male and female Uber drivers.
In the first quarter of 2018, Hertz Global Holdings reported total revenues of $2.1 billion and decreased net loss by 9% based on an increase in transaction days, a decrease in per-unit depreciation expense, and an increase in pricing excluding ride-hailing rentals.
Revenue growth was driven by a 5% increase in total rental days and strong pricing.
In a blog post, Uber Chief Economist Jonathan Hall cited previous studies that found Uber drivers make wages closer to $13.04 per hour after expenses, compared to the $3.37 per hour found by the MIT paper.
Hertz CEO Marinello: Company expects “to evolve to a more competitive earnings profile” in 2019.
Revenue increased 2% in 2017 to $8.8 billion. Full-year net income adjusted to reflect the benefit from the Tax Act fell to $242 million compared to $273 million adjusted net income in 2016.
The company cites positive pricing in the second half of 2017, moving to lower-cost de-fleeting channels, and the rollout of a new revenue management system. Full year results will be announced on Feb. 21.
Sixt says June was its first profitable month in the U.S., which continued in July. Companywide revenues were up 17.1% for the first half of 2016.
During the first half of 2015, the Sixt Group recorded strong growth on foreign business operations in Western Europe and the United States.
German-based Sixt SE has reported 2014 as the most successful fiscal year in its corporate history. The company grew its total number of U.S. stations to 50, from 26 locations at the end of 2013.
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