ComfortDelGro lifts commissions for booked rides to 7% from new year

ComfortDelGro will increase taxi commissions for app and phone-booked rides to 7% from 5% from Jan 1, 2024.

ComfortDelGro C52 will increase taxi commissions for app and phone-booked rides to 7% from 5% from Jan 1, 2024.

On Dec 26, Chinese language daily Lianhe Zaobao reported the rate hike which follows a fare increase and extended surcharge hours intended to defray higher operating costs for taxi drivers.

However, ComfortDelGro’s competitors have gone the other way in terms of commission rates. Gojek has cut commissions to 10% to at least the end of 2024, while Ryde will be doing away with commissions until the end of next year.

For its 3QFY2023 ended Sept 30, ComfortDelGro’s taxi and private hire segment posted a y-o-y revenue improvement of $6.8 million or 4.8% to $147.6 million as platform fees were introduced for Singapore taxis from July 1.

Shares in ComfortDelGro closed unchanged at $1.38 on Dec 27.

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