SFO cashes in on ride-hails: Uber, Lyft pay $2M per month




It’s no secret that Uber and Lyft’s trips are booming at the San Francisco International Airport, and those rides also bring the airport big bucks — a trend that is poised to continue.

Fees to the ride-hails ballooned the airport’s coffers to the tune of $39 million since late 2014, officials revealed at a Board of Supervisors committee meeting Thursday.

That’s $2 million in fees from Uber and Lyft — per month — straight to the airport.

Continue Reading Below

[advertisement]


[advertisement]

Those bucks come straight from the riders themselves in the form of a fee, according to Lyft and Uber.

The Board of Supervisors Budget and Finance Sub-Committee on Thursday approved an extension of the contract between the airport and a nonprofit, the Airport Research and Development Foundation, which assesses and collects fees from Uber and Lyft trips at the airport.

At the committee meeting, Supervisor Katy Tang praised the airport for seeking a middle-road approach with Uber and Lyft, instead of an outright ban.

Tang said SFO officials were creative for “not just saying, ‘No, we’re not going to allow the rideshares at the airport’ … to find an innovative way to make revenue from it.”

“I want to commend you for that,” she said.

The airport began issuing permits to ride-hails like Uber and Lyft in October 2014, which allowed pick-up and drop-off at the airport with a fee of $3.80 per trip, according to the Budget and Legislative Analyst’s Office. To facilitate those…

click here to read more.

Categories
California News
No Comment

Leave a Reply

*

*

RELATED BY