Lift says its flights in May jumped 26% from the previous month


(Reuters) – Lift company passenger services via mobile applications said on Tuesday that flights on its platform rose 26 percent in May compared with the previous month, supported by strong growth in cities that saw the easing of restrictions to contain the Corona virus.

Lift shares rose 4.2 percent in post-settlement trading on Wall Street after the company said the flights had increased on a weekly basis for seven consecutive weeks since the week ending April 12.

But the company, which is based in San Francisco, California, said flights fell nearly 70 percent in May, compared to the same month last year.

Wajdi Al-Alfy prepared for the Arab Bulletin


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