What is the fear of stagnation? Lyft CEO does not see “anything that is worried”

Amid a set of disappointing profits and withdrawn directions – and the broader feeling of economic certainty – Lift (LiftThe CEO says he does not see “anything to worry” to his company.

“Our team is stronger than it was ever, and the demand for the consumer there is completely,” said CEO David Richer. interview With CNBC (CMCSASquawk box on Friday.

This came shortly after reporting strong profits for the first quarter. The total riding company grew 13 % on an annual basis to 4.16 billion dollars, which is a 16 consecutive period of total books. Its revenues for a quarter reached 1.45 billion dollars, an increase of 14 % compared to last year.

The total horse riding for a quarter of 16 % increased to 218.4 million, overcoming FactSet (FDS) Estimate 215.1 million. LYFT also revealed that the approved board of directors reinforces the company to purchase the shares of the company to $ 750 million from $ 500 million.

Lyft shares rose about 23 % on Friday morning.

The news is a rare bright point for the US travel industry. Uber (UberThe shares decreased earlier this week after the company reported mixed results in the first quarter.

Expedia (ExpeIt was published worse than the profits of the first quarter of expected on Friday and reduced its expectations for the whole year, noting the weak demand in the United States. The shares decreased by 8 % on Friday morning.

Airbnb (AbnbI issued revenue expectations in the second quarter disappointment last week, noting “the broader economic uncertainty” for potential travelers and noted that less than the Canadians were traveling to the United States

Meanwhile, there are a number of airlines – including Delta (D.), The American, and the southwest (Loew) – He owns Withdraw their annual expectations Amid economic volatility, definition uncertainty, and Warnings From air traffic control units. “There is no way to predict exactly the place of demand”, US Airlines (theCEO Robert Isom said when the company reported its profits in the first quarter in late April.

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