(Reuters) New Uber boss Dara Khosrowshahi has said he is hopeful of winning back the company’s London operating licence.
Speaking at the New York Times DealBook conference in New York, Khosrowshahi said he had held productive talks with London regulator Transport for London (TfL), which has deemed Uber “unfit” to run a taxi service in the city, where Uber has some 40,000 drivers.
“We were guilty of not communicating,” he said. “I think we were generally immature in how we deal and dealt with regulators.”
He added that Uber staff was working to accommodate the “perfectly reasonable asks” from Transport for London, the taxi regulating body.
The comments came shortly before news broke that Uber had lost its appeal against a ruling that its drivers are employees of the company, rather than self-employed contractors.
Uber losing money
Khosrowshah admitted Uber would continue to lose money in its home market for at least the next six months as rival Lyft Inc poses a fierce competitive challenge, chief executive Dara Khosrowshahi told the conference on Thursday.
“The US is very, very competitive right now between us and Lyft, so I don’t see the US as being a particularly profitable market for the next six months,” said Khosrowshahi in his first public comments since taking the top job at Uber two months ago.
A spokesman confirmed that Uber will be unprofitable overall, although some cities may break even.
Less abrasive than Kalanick
Khosrowshahi was brought in to run Uber in August after leading travel-booking site Expedia Inc for 12 years, and is expected to bring a less abrasive approach than his predecessor, company founder Travis Kalanick.