Travel Co. Yatra’s Losses Fall, Revenue Up By 36%
India’s second largest online travel company, Yatra has reported improvements in revenue in its fourth-quarter. With both its businesses air ticketing and hotels and packages, the company is witnessing a steady and considerable growth as of 31st March 2018.
The travel company has reportedly posted a loss of Rs 38.09 crore in the recent quarter, as compared with Rs 83.02 crore in the previous quarter. The revenue of the company has risen by over 36% amounting to Rs 328.57 crore compared to the fourth quarter of last fiscal.
Dhruv Shringi, CEO of Yatra stated, “The macro factors in India continued to be favourable. Domestic air traffic was up 24% year-over-year in the March quarter. We expect to see sustained growth ahead over the mid to near-term as we see an expansion happening in the ...