Lyft and United Airlines Launch Mileage Payment Feature
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy LYFT?
Lyft (LYFT) and United Airlines (UAL) announced the ability to pay with miles, a feature that allows MileagePlus members to redeem miles directly in the Lyft app for eligible rides. The launch marks the first time an airline loyalty program and rideshare platform have offered direct mile-to-ride redemption in the U.S.
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Analyst Views on LYFT
Wall Street analysts forecast LYFT stock price to rise
29 Analyst Rating
7 Buy
20 Hold
2 Sell
Hold
Current: 14.150
Low
16.00
Averages
24.06
High
32.00
Current: 14.150
Low
16.00
Averages
24.06
High
32.00
About LYFT
Lyft, Inc. provides global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes and scooters. Its Lyft mobile application (the Lyft App) connects riders with drivers for on-demand ride services and supports a variety of other multimodal solutions. The Company is also engaged in licensing and data access agreements, the sale of bikes and bike station software and hardware, advertising services, riders renting through its network of shared bikes and scooters, drivers renting vehicles through Express Drive. Its ridesharing marketplace includes taxis, private hire vehicles, executive chauffeur services and car sharing. Its Express Drive is a car rental program for drivers. Through its Express Drive program, drivers can enter into rental agreements and rental car partners for vehicles that may be used to provide ridesharing services on the Lyft Platform. It owns Freenow, a multimodal app with taxi offering at its core.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cloud Business Growth: Google Cloud is estimated to generate $18.05 billion in revenue, a 47% increase from $12.26 billion a year ago, reflecting the company's ongoing investment in AI infrastructure to capture market share.
- AI Model Expansion: In Q1, Google expanded its Gemini AI models across various products, enhancing user experience and driving advertising revenue, with YouTube ad revenue expected to reach $9.99 billion, further solidifying its market leadership.
- Capital Expenditure Plans: Alphabet anticipates capital expenditures in the range of $175 billion to $185 billion for 2026, significantly higher than 2025, demonstrating the company's strong confidence in future growth in AI and cloud computing.
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- Cloud Business Surge: Google Cloud is expected to generate $18.05 billion in revenue, a 47% increase, highlighting Alphabet's significant market share gains in the competitive landscape against Amazon and Microsoft, thereby reinforcing its position in the cloud market.
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- Account Linking Convenience: MileagePlus members can link their Lyft and United accounts to use miles for full ride payments or combine miles with other payment methods if they lack sufficient miles, enhancing payment flexibility for users.
- Wide Applicability: The redemption option applies to various Lyft ride types, including everyday rides, airport trips, and premium rides, although bikes and scooters are excluded, providing users with diverse travel options.
- Deepening Partnership: This new feature builds on the collaboration between Lyft and United announced last November, which first allowed riders to earn United miles on eligible Lyft trips, further enhancing the synergy between the two companies in the rideshare and airline service sectors.
See More
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- Diversified Services: This acquisition allows Lyft to offer a more comprehensive suite of ground transportation options, including private hires, bikes, and executive chauffeur services, thereby enhancing user experience and catering to diverse travel needs.
- Autonomous Driving Tests: Lyft's partnership with Baidu will enable it to begin testing autonomous rides in London later this year, showcasing its technological innovation capabilities and potentially opening new avenues for future business growth.
- Long-term Commitment: Lyft's EVP of Global Growth, Jeremy Bird, stated that this acquisition reflects the company's commitment to the London market and confidence in its long-term potential, with the deal expected to close in the coming weeks, further solidifying its position in the region.
See More
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- Earnings Forecast: Alphabet is expected to report Q1 earnings per share of $2.63 and revenue of $107.2 billion, with analysts projecting an 18.7% year-over-year growth, indicating strong performance in AI and cloud computing sectors.
- Cloud Business Growth: Google Cloud is estimated to generate $18.05 billion in revenue, a 47% increase from $12.26 billion a year ago, reflecting the company's ongoing investment in AI infrastructure to capture market share.
- AI Model Expansion: In Q1, Google expanded its Gemini AI models across various products, enhancing user experience and driving advertising revenue, with YouTube ad revenue expected to reach $9.99 billion, further solidifying its market leadership.
- Capital Expenditure Plans: Alphabet anticipates capital expenditures in the range of $175 billion to $185 billion for 2026, significantly higher than 2025, demonstrating the company's strong confidence in future growth in AI and cloud computing.
See More
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- Revenue Growth Expectations: Analysts project Alphabet's Q1 revenue to reach $107.2 billion, reflecting an 18.7% year-over-year increase, which would mark the highest growth rate since 2022, indicating strong performance in AI and cloud computing sectors.
- Cloud Business Surge: Google Cloud is expected to generate $18.05 billion in revenue, a 47% increase, highlighting Alphabet's significant market share gains in the competitive landscape against Amazon and Microsoft, thereby reinforcing its position in the cloud market.
- Increased AI Investments: Alphabet plans to ramp up capital expenditures to between $175 billion and $185 billion by 2026, signaling a substantial commitment to AI infrastructure to meet surging market demand, showcasing the company's focus on future technological advancements.
- Waymo Financing and Expansion: Alphabet's Waymo raised $16 billion in its latest funding round, achieving a valuation of $126 billion, with plans to launch autonomous driving services in cities like Dallas and Houston, marking a continued expansion in the autonomous vehicle sector.
See More
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- Mileage Redemption Innovation: Lyft and United Airlines' new 'Pay with Miles' option allows MileagePlus members to redeem United miles directly in the Lyft app for eligible rides, marking the first instance of a U.S. airline loyalty program offering direct mile-to-ride redemption with a rideshare platform.
- Account Linking Convenience: MileagePlus members can link their Lyft and United accounts to use miles for full ride payments or combine miles with other payment methods if they lack sufficient miles, enhancing payment flexibility for users.
- Wide Applicability: The redemption option applies to various Lyft ride types, including everyday rides, airport trips, and premium rides, although bikes and scooters are excluded, providing users with diverse travel options.
- Deepening Partnership: This new feature builds on the collaboration between Lyft and United announced last November, which first allowed riders to earn United miles on eligible Lyft trips, further enhancing the synergy between the two companies in the rideshare and airline service sectors.
See More
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- Massive Acquisition: QXO has announced its acquisition of TopBuild for $17 billion, marking its largest deal to date and surpassing the total of all previous acquisitions, signifying a major expansion in the building products development sector.
- Enhanced Market Position: This acquisition positions QXO as the second-largest publicly traded building products developer in North America, further solidifying its market presence in the construction industry and laying a foundation for future growth.
- Significant Synergies: TopBuild's solid margins and reasonable valuation provide QXO with substantial synergy opportunities, expected to enhance operational efficiencies through resource and technology integration, thereby creating long-term value for shareholders.
- Industry Consolidation Potential: This acquisition reflects QXO's strategic intent to leverage technology and capital for industry consolidation within an $800 billion building products distribution market, indicating potential for more acquisitions in the future.
See More
QXO Acquires TopBuild for $17 Billion
- Massive Acquisition: QXO has announced its acquisition of TopBuild for $17 billion, marking its largest deal ever, surpassing the total of all previous acquisitions, which signifies a major expansion in the building products development sector.
- Enhanced Market Position: This acquisition positions QXO as the second-largest publicly traded building products developer in North America, expected to drive operational efficiencies through integration and technology application, thereby creating higher long-term value for shareholders.
- Strategic Integration Potential: The strong operational capabilities of TopBuild in installation and distribution, combined with QXO's access to capital, are anticipated to provide robust support for future market expansion and additional acquisitions, further solidifying its market position.
- Industry Consolidation Opportunities: QXO's acquisition strategy aims to consolidate a highly fragmented industry, leveraging reasonable acquisitions and technology-driven efficiency improvements, which is expected to yield substantial returns for shareholders, especially within the $800 billion building products distribution market.
See More
Lyft Acquires Gett's UK Business to Expand Market Reach
- Market Expansion: Lyft's acquisition of Gett's UK business positions it as a leader in London's black cab app market, nearly doubling the number of rides on its platform, significantly enhancing its market share and competitive edge.
- Diversified Services: This acquisition allows Lyft to offer a more comprehensive suite of ground transportation options, including private hires, bikes, and executive chauffeur services, thereby enhancing user experience and catering to diverse travel needs.
- Autonomous Driving Tests: Lyft's partnership with Baidu will enable it to begin testing autonomous rides in London later this year, showcasing its technological innovation capabilities and potentially opening new avenues for future business growth.
- Long-term Commitment: Lyft's EVP of Global Growth, Jeremy Bird, stated that this acquisition reflects the company's commitment to the London market and confidence in its long-term potential, with the deal expected to close in the coming weeks, further solidifying its position in the region.
See More
