Author Topic: Remember: MTA says Uber, Lyft will cause loss of $10M a year  (Read 539 times)


nyctaxinews

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Re: Remember: MTA says Uber, Lyft will cause loss of $10M a year
« Reply #1 on: April 08, 2018, 05:09:03 PM »
So, They knew all along and did nothing!
« Last Edit: April 08, 2018, 08:35:31 PM by nyctaxinews »

YELLO

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Re: Remember: MTA says Uber, Lyft will cause loss of $10M a year
« Reply #2 on: April 08, 2018, 05:25:24 PM »
Right!

Antieuba

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Re: Remember: MTA says Uber, Lyft will cause loss of $10M a year
« Reply #3 on: April 09, 2018, 09:38:12 AM »
It 40 million a year - not 10 million

Yellow lost 200,000 trips per day.  We used to do 500,000, now we do 300,000.
200,000 X 50 cents X 365 days = 36.5 million dollars per year.

Green taxis were doing 50,000 trips, now only 25,000 trip - a loss of 25,000 trips per day X 50 cents X 365 days = 4.7 million dollars per year.

So the loss is over 40 million per year.

MTA bonds were downgraded by S & P last week from AA- to A+.  That and rising interest rates will cost NYC taxpayers.

NYC is issuing a billion dollars in new bonds April 11.

Business as usual - until the whole thing comes crashing down, as it did in the 1970s.


taxitalk

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Re: Remember: MTA says Uber, Lyft will cause loss of $10M a year
« Reply #4 on: April 09, 2018, 04:08:12 PM »
...probably closer to ten million... PER WEEK !!!

 8)