Zipcar disappoints with quarterly results, stock plunges lowest level yet
Skift Take
Zipcar's numbers were hurt by a slow down in new members, but the growing competition from peer-to-peer car sharing programs is undoubtedly a concern.
Zipcar Inc. shares tumbled to an all-time low Friday after the car-sharing network reported lower-than-expected revenue in the second quarter and cut its annual estimates...
Zipcar said its revenue grew 15 percent to $70.8 million in the second quarter, but FactSet reports that analysts expected $73.1 million.
Up Next
Hotels
How Data Quality Issues Impact Global Hospitality Operations
There are wide discrepancies in data quality for hotel transactions across global regions, with the largest occurring in Asia-Pacific. Because hotels and agencies need to harness data quality to thrive, they must take a more nuanced regional approach to monitoring potential issues.
Sponsored 
Short-Term Rentals
Hedge Fund’s Bid For Vacasa Is Higher Than Casago’s
Should Vacasa opt for a superior bid from a hedge fund at the risk of seeing the company getting dismantled? Or should Vacasa stick with a strategic buyer? Meanwhile, other bids could potentially come in.
Airlines
European Airline Bodies Push EU for Help to Reach Climate Targets
Airlines are in a tough spot – they know they need to cut greenhouse gas emissions but also point out how hard it is to make flying more green.
Hotels
Rising Rates and Tight Credit May Hold Back Hotel Dealmaking
Times are good for deals overall, but some hotel markets will struggle.
Airlines
United Airlines Brings Back Tel Aviv Service
United is the second U.S. carrier to announce its plans to restore flights to Tel Aviv following a ceasefire agreement between Israel and Hamas.