Megabus is known for offering fares as low as $1 on all of its routes, although only a limited number of seats are available at that price. Consumers can find detailed pricing information for a particular route and date of travel by visiting Megabus.com.
Megabus prices its tickets using a yield-managed concept. A limited number of $1 seats are available on each bus, but that price increases as more tickets are sold and the travel date nears. In 2015, the fare for a Megabus trip from Chicago, Illinois to Chattanooga, Tennessee was $1 when purchased close to 90 days prior to the travel date and $67 when purchased the day prior the travel date.
The UK-based Stage Coach Group launched Megabus in the United States in 2006. Within its first 10 years, the company served 17 million passengers. In addition to its tiered pricing and low rates, Megabus offers power outlets for passengers and access to free Wi-Fi, and every bus is equipped with reclining seats, restrooms and seat belts for passenger safety. Tickets are only available for purchase online, and consumers can also reserve seats for future travel. The buses in the fleet are also ADA compliant, making them accessible to handicapped passengers.