Ride Sharing Giants Quickly Seize Major Share Of Colorado Springs Market

Ride sharing giants Uber and Lyft captured a major share of passengers in their first year serving the Colorado Springs Airport in 2017, airport data show. They have hammered Colorado Springs Transportation, which operates as zTrip, say annual reports the company filed with the Colorado Public Utilities Commission. zTrip journeys last year were down 45.8 percent from 2014, the year Uber and Lyft expanded into the Springs, to just 297,569, and revenue fell by nearly half as the company lost $1.02 million. Trip numbers have declined every year since 2014 for zTrip, formerly Yellow Cab of Colorado Springs. Read more on Colorado Springs Gazette

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