Market Chatter: Lyft Piloting Shared Rides at US Airports Amid Rising Travel Costs

MT Newswires Live

05/20

Lyft (LYFT) is reviving shared rides at US airports amid rising travel-related costs, Bloomberg reported Monday, citing a company spokesperson.

Lyft is piloting pooled rides at airports in Austin, Boston, Chicago, Denver, Los Angeles, Las Vegas, New Orleans, and San Francisco, a company spokesperson told the news outlet, adding that costs for those pooled rides are cheaper by as much as 20% than regular Lyft trips.

The spokesperson said that the company is "aware" of rising overheads related to airport travel and is exploring ways to make ridesharing more affordable to a broader range of travelers, according to Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 16.78, Change: +0.01, Percent Change: +0.06

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