Transit Has Been Battered by Coronavirus. What’s Ahead May Be Worse. [The New York Times]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: The New York Times
ImageExiting the Alvarado Street metro station in Los Angeles last week.Credit...Etienne Laurent/EPA, via ShutterstockFare revenue has vanished across the country as transit riders have. Even those essential workers still taking the bus or train aren’t generating much money for agencies strained by the coronavirus pandemic. Many systems have moved to free service, or stopped policing fares. It’s just too risky for bus drivers if anyone comes near the farebox a foot away.As dire as this moment seems, however, something more worrisome lies ahead.Across Illinois, transit agencies rely for the bulk of their budgets on sales taxes that will dwindle as household spending does. In Portland, Ore., the payroll taxes that fund transit will decline as unemployment rises. In San Francisco, the municipal transit system gets nearly twice as much revenue from parking fees and fines as from transit fares. Those have disappeared, too, and will lag in an economy where fewer people commute to work.Uber
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LYFT
Earnings
- 11/5/25 - Beat
LYFT
Sec Filings
- 12/23/25 - Form 4
- 12/23/25 - Form 4
- 12/23/25 - Form 4
- LYFT's page on the SEC website