Online travel agent MakeMyTrip continues to post losses: It has reported net losses of $5.94 million for the quarter ended March 31, 2015, as compared to $2.66 million loss in the same quarter last year. In the previous quarter, the company had posted $3.66 million loss. This is MakeMyTrip’s tenth straight loss making quarter. The net revenues (revenues less service costs), however, witnessed a significant 27.5% year-on-year (YoY) growth to $36.36 million for the quarter, from $28.52 million in the same quarter last year. The gross bookings also grew by 18.3% to $404.37 million from $341.84 million in the same quarter last year. Air Ticketing up 16%: Revenues from Air ticketing business grew by 16% to $18.67 million for the quarter, from $16.09 million in the same quarter last year. This was driven by a 39.8% increase in transactions to 1.44 million for the quarter, from 1.03 million transactions in the same quarter last year. MakeMyTrip attributed this transaction growth to the special air fares offered by Indian domestic carriers. Gross bookings also grew by 19.6% to $299.73 million for the quarter, from $250.72 million in the same quarter last year. Air Ticketing accounted for 51.3% of MakeMyTrip’s net revenues for the quarter, down from 56.4% in the same quarter last year. MakeMyTrip CEO Deep Kalra had informed that in Q4-Fy15, mobile users accounted for more than 40% of total online traffic and 22% of online transactions for the company in India. Hotel and Packaging: Revenues from the hotels and packages business grew by 48.8% to $16.45 million…
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