From Yahoo Finance: 2025-05-09 12:58:00

Lyft’s CEO remains confident despite economic uncertainty, citing strong team and consumer demand. Company reports impressive Q1 earnings with $4.16 billion in gross bookings and revenue of $1.45 billion, exceeding expectations. Shares surge 23% after the news, a rare bright spot in the travel industry amid disappointing reports from Uber, Expedia, and Airbnb. Airlines like Delta, American, and Southwest withdraw yearly forecasts due to economic volatility and tariff uncertainty. CEO of American Airlines warns of unpredictable demand in the future.

Read more: What recession fears? Lyft’s CEO doesn’t see ‘anything to worry about’