Lyft Says Demand Picking Up as Covid-19 Restrictions Ease

Lyft said demand for rides climbed in recent weeks as Covid-19 lockdowns began to ease but remains well below levels seen a year earlier

Lyft Inc. said demand for rides has risen in recent weeks as people began venturing out following Covid-19 lockdowns but remains well below levels seen a year earlier.

Lyft said Tuesday the number of rides ordered through its platform last month was 70% weaker compared with May of last year. Demand rose 26% last month compared with April, however, driven in part by gains in cities including Austin, Texas; Nashville, Tenn.; and New York.

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