After reaffirming its FY24 guidance of becoming cash flow positive across multiple reports, the online travel aggregator Jayride (ASX: JAY) is revising the narrative. The Company, dealing with declining profit margins and lower net revenue per trip, is no longer expecting to be cash flow positive. What’s more, it is looking for a buyer to
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The onset of the Aussie winter screams one thing loud and clear: pack your bags and get ready for a European summer. The sentiment is understandable and even encourageable if you are a travel marketplace company, like Jayride (ASX: JAY). In Q4 FY23, passenger trips booked grew to a record 199,100, a 46% increase on
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If you got free cancellation on your botched travel plans during Covid, way to go! However, the free cancellation policy has not been such a joyride for airport shuttle companies, like Jayride (ASX: JAY), which had to offer refunds and suffer losses. Jayride is an online travel marketplace for airport transfers, i.e. your shuttles and
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If you’re anything like me, you probably have all the ride-sharing apps downloaded to your phone because you’re the type of person to get upset if you overpay even a few dollars for a short trip when you could’ve gotten it cheaper. This bargain-hunting behaviour comes into play and shines the most when travelling, especially
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It’s been tough sledding for the travel industry over the past two years but with holidays having resumed across most of the world, airport transfers company Jayride (ASX: JAY) has something to look forward to with new integrations into some of the world’s busiest online booking platforms. Despite being the world’s largest marketplace for airport
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