Lyft said that U.S. ridership had improved more than 20 percent from last month’s coronavirus-hit rock bottom and that high unemployment would keep a cloak on driver costs, allowing the ride-hailing company to move to profitability as lockdowns are eased.
On Wednesday, shares gained 17 percent after Lyft reported higher sales than expected and promised to make more cost reductions competitive, claiming ridership hit a low of nearly 80 percent on April 12.
The Panthera Post 