Longer wait, higher fares loom in summer due to driver decline: Grab

ABS-CBN News

Posted at Feb 26 2020 04:11 PM

MANILA - Ride-hailing app Grab advised its users on Wednesday that a decline in active drivers could result in longer wait times to book rides from April to June. 

Grab said that as of February, it has 33,000 active drivers on its platform, down from 35,000 in December last year.

The decline in active drivers may be attributed to lower income due to traffic, as well as higher fuel prices. A number of Grab car drivers are also usually inactive from April to June, said Grab president Brian Cu.

Cu said fares could also rise due to surge pricing. Grab estimates there will be 5.2 million ride-hailing passenger bookings starting March 2020. 

“Once you hit the summer months and the number of vehicles will stay afloat, we will have issues again. December last year may happen much earlier. We’ll see the same bad allocation numbers like December last year because of supply shortage,” said Cu.

Grab said it would ask regulators for the the driver slots previously allotted to other ride-hailing firms that stopped operating. 

- Report from Jacque Manabat, ABS-CBN News