Lyft announced they’re bringing back Guaranteed Prime Time today only!
The Las Vegas Review-Journal newspaper is reporting that McCarran Airport has brought in over $3 million in revenue from Transportation Network Companies (TNCs) Lyft and Uber. Lyft was allowed to pick up and drop off at McCarran Airport beginning in October, 2015. Uber followed on December 8, that same year. The same day they announced the first Vegas price reduction.
The article states, “Lyft made more than 250,000 trips to and from the airport” while “Uber has made more than 1 million trips.”
TNCs are charged $2.45 for each trip to and from the airport, while taxis are charged $2 for each time they pick up, and nothing when they drop off. All of these fees are paid by the passengers, and are not taken from the driver’s cut, on either platform.
The article also states, “As of Aug. 22, Uber had more than 3,000 drivers licensed with Clark County and Lyft had more than 2,600.”
Our Las Vegas Lyft General Manager, Yacob Girma is quoted as saying, “In the last six months alone, we’ve more than tripled rides, grown our driver base by 2.8 times, and our passenger base by 2.5 times.” At first glance, the math doesn’t add up, but it’s expected that passengers take multiple rides, so it could be five times as many actual rides if each new passenger takes two rides.
This is at least the second positive article from the Review-Journal this week, including the uberEATS article. Truly refreshing, and a good sign for our business.
According to a new article in Fortune magazine, Uber tried to acquire its competitor, Lyft, in 2014. Those negotiations have now failed.
The article states that Lyft is Uber’s biggest rival, with a 20% market share in the United States. Las Vegas area drivers know how successful Lyft has been and Uber is spending large amounts of money defending its turf. Competitive tactics include thwarting Lyft’s fundraising efforts as well as sending undercover agents on Lyft rides, trying to convince drivers to defect to Uber.