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.
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