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Lyft Cuts Fares in 8 Cities in March 2016

Lyft Cuts Fares in 8 Cities in March 2016

Sorry I am a bit late in reporting this due to being busy with a few other things. I have been doing a weekly scan of Lyft fares and I have found they cut fares in 8 cities, while San Francisco got a slight base fare increase:

Fare Cuts:

Fare Increases

Fare Cut Data:

Miami (8% fare cut):

3/2/20163/14/2016Change
Base $        1.00 $        0.90-10%
Cancellation $        5.00 $        5.000%
Minimum $        5.00 $        3.90-22%
Mile $        0.90 $        0.89-1%
Minute $        0.15 $        0.13-13%
Safety $        1.70 $        1.700%

Portland (26% fare cut)

3/2/20163/14/2016Change
Base $        1.50 $        1.20-20%
Cancellation $        5.00 $        5.000%
Minimum $        5.00 $        5.000%
Mile $        1.55 $        1.16-25%
Minute $        0.30 $        0.20-33%
Safety $        1.55 $        1.550%

Dallas (10% decrease)

3/27/20163/31/2016Change
Base $             – $             –
Cancellation $        5.00 $        5.000%
Minimum $        4.00 $        3.80-5%
Mile $        0.90 $        0.900%
Minute $        0.15 $        0.12-20%
Safety $        1.70 $        1.700%

Lexington (8% decrease)

3/27/20163/31/2016Change
Base $        1.00 $        1.000%
Cancellation $        5.00 $        5.000%
Minimum $        5.00 $        3.00-40%
Mile $        1.05 $        0.80-24%
Minute $        0.16 $        0.160%
Safety $        1.55 $        1.550%

San Antonio (22% decrease)

3/27/20163/31/2016Change
Base $        1.00 $        0.90-10%
Cancellation $        5.00 $        5.000%
Minimum $        4.00 $        3.50-13%
Mile $        1.20 $        0.92-23%
Minute $        0.18 $        0.12-33%
Safety $        1.70 $        1.700%

Seattle (2% fare decrease)

3/27/20163/31/2016Change
Base $        1.35 $        1.350%
Cancellation $        5.00 $        5.000%
Minimum $        4.00 $        3.50-13%
Mile $        1.35 $        1.371%
Minute $        0.24 $        0.22-8%
Safety $        1.95 $        1.950%

 

Stockton (17% fare decrease)

3/27/20163/31/2016Change
Base $        1.00 $        1.000%
Cancellation $        5.00 $        5.000%
Minimum $        5.00 $        3.50-30%
Mile $        1.00 $        0.77-23%
Minute $        0.18 $        0.13-28%
Safety $        1.75 $        1.750%

 

 

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