(Reuters) - Ride-hailing firm Lyft Inc said on Tuesday that its trips rose 7.3% in August from July as operations in Canada recovered faster than in the United States.
But the novel coronavirus pandemic is still crushing demand with overall August rides down 53% compared to a year earlier, said the company, which operates in the U.S. and Canada only.
Trips had dropped as much as 80% during the height of the coronavirus outbreak in April.
Lyft on Tuesday said it used fewer driver incentives in August as more drivers returned to service and said it expects lower incentive spending in the third quarter.
Lyft's President John Zimmer in May said Americans will turn to ride hailing as the first opportunity to make up for lost income as the U.S. economy reopens, with the ...
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