Company executives offered little detail about the fare hikes, but said they're occurring on routes where demand won't be impacted.
Lyft said Wednesday that it began raising prices in some places at the end of June. The company reported second-quarter earnings that blew past Wall Street expectations, and the fare hikes will likely help that continue. Executives didn't say which cities or routes are seeing the raised rates, but the changes will affect places where demand won't be hurt. That likely means they'll be times when you have no other transportation option, or on really popular routes.
Lyft said Wednesday that it began raising prices in some places at the end of June. The company reported second-quarter earnings that blew past Wall Street expectations, and the fare hikes will likely help that continue. Executives didn't say which cities or routes are seeing the raised rates, but the changes will affect places where demand won't be hurt. That likely means they'll be times when you have no other transportation option, or on really popular routes.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Lyft Stock Spikes As It Expects To Lose Less Money In 2019Lyft's revenue beat expectations, and it lowered its loss guidance for the year.
Baca lebih lajut »
Lyft Stock Spikes As It Expects To Lose Less Money In 2019Lyft stock soared after-hours as the ride-hailing company posted a better than expected quarter and lowered its guidance for losses by bizcarson
Baca lebih lajut »
Lyft Raises 2019 Revenue Outlook and Sees Smaller Annual LossThe ride-hailing company raised its sales outlook for the year as more riders are using the service and as it appears to be curbing its heavy use of discounts.
Baca lebih lajut »
Lyft soars after lower-than-expected losses and strong guidanceLyft beat analysts' expectations across the board for its second quarter trading on public markets.
Baca lebih lajut »
Lyft will move double digits on earnings, says the options marketOptions traders are expecting a big move in Lyft when it reports earnings Wednesday afternoon for only the second time as a publicly traded company.
Baca lebih lajut »
Mother took Lyft to dispose of 4-year-old's body in a dumpster, authorities sayBaltimore mother charged in the death of her 4-year-old son searched for trash collection sites on her phone before taking a Lyft to dispose of the boy's body in a dumpster, prosecutors say.
Baca lebih lajut »