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UBER TECHNOLOGIES INC

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Uber Technologies : to stop service at Ontario airport after fee increase

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08/12/2019 | 10:34am EDT

ONTARIO, Calif.Uber says it's stopping its service at Southern California'sOntario International Airport because of fee increases.

KABC-TV reported Sunday that the airport east of Los Angeles now charges the ride-hailing company $4 for a pickup and $4 for a drop-off. The new fees went into effect July 1.

Uber calls the charges unfair because taxi cabs and limousines are assessed a single $3 fee.

Ontario said in a statement that Lyft, Uber's main competitor, will continue to operate at the airport.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
LYFT INC -1.80% 46.43 Delayed Quote.0.00%
UBER TECHNOLOGIES INC -3.61% 32.6 Delayed Quote.0.00%
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Financials (USD)
Sales 2019 13 919 M
EBIT 2019 -9 048 M
Net income 2019 -9 016 M
Finance 2019 5 456 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
EV / Sales2019 3,59x
EV / Sales2020 2,83x
Capitalization 55 420 M
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Managers
NameTitle
Dara Khosrowshahi Chief Executive Officer & Director
Ronald D. Sugar Chairman
Barnaby Merrick Harford Chief Operating Officer
Nelson J. Chai Chief Financial Officer
Arianna Huffington Director
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