Online travel agent MakeMyTrip continues to report losses, although it seems to be slowly improving: $525,700 adjusted net loss for the quarter ended March 31, 2014, as compared to $6.5 million loss in the same quarter last year. This is MakeMyTrip’s sixth consecutive loss making quarter. The net revenues (revenues less service costs) grew by 31% year-on-year (YoY) to $28.5 million for the quarter, up from $21.8 million revenue in the same quarter last year whereas the gross bookings grew by 23% YoY to $341.8 million from $311.7 million in the same quarter last year. For the year ending March 31, 2014, the net revenues increased 31.6% YoY to $106.4 million from $88.17 million in the previous year, while the gross bookings increased 18.6% YoY to $1.26 billion. The adjusted net loss also improved to $6.04 million from $7.28 million loss in the previous year. Air Ticketing revenues up 22.4%: Net revenues from Air Ticketing increased by 22.4% YoY to $16.1 million from $13.1 million in the same quarter last year. This is despite a 1.8% YoY decline in the number of transactions to 1.03 million transactions, from 1.05 million transactions in the same quarter last year. The company informed that the revenues increased, due to an increase in its net revenue margins to 6.4% for the quarter, up from 5.3% in the same quarter last year. Gross bookings also increased slightly to $250.7 million for the quarter, from $248.9 million in the same quarter last year. Air Ticketing's contribution to MakeMyTrip continue to decline: It accounted…
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