JAYRIDE has reaffirmed its commitment to grow its pax trips to 1m per year by FY21 following “record results” in FY19.
According to the company’s FY19 report, revenue from net commissions and fees booked are up 71.4% to $3,280,500 while total earnings for ordinary activities are up 55.9% to $3,822,364.
The company also recorded $1 million gross profit after paid acquisition (GPAPA) in Q4 alone.
Looking ahead to FY20/21, Jayride Managing Director Rob Bishop said there was “huge opportunity to add more partnerships to increase passenger trips quoted”.
Source: traveldaily