Online travel agent MakeMyTrip continues to post losses, although there is some improvement: net loss of $4.8 million for the quarter ended September 30, 2014, as compared to $7.5 million loss in the same quarter last year. This is MakeMyTrip’s eight straight loss making quarter. The net revenues (revenues less service costs) however witnessed a significant 37.5% growth to $32.05 million for the quarter, from $23.31 million in the same quarter last year. The gross bookings also grew by 44.1% to $392.7 million from $272.6 million in the same quarter last year. Air Ticketing up 19.6%: Revenues from Air ticketing business grew by 19.6% to $18.23 million for the quarter, from $15.24 million in the same quarter last year. This was driven by a 39.7% increase in transactions to 1.57 million for the quarter, from 1.1 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 34% to $291.8 million for the quarter, from $217.7 million in the same quarter last year. Net revenue margins however dipped to 6.2% from 7% last year. Air Ticketing accounted for 56.9% of MakeMyTrip’s net revenues for the quarter, down from 65.2% in the same quarter last year. Hotel and Packaging: Revenues from the hotels and packages business grew by 76.8% to $12.5 million for the quarter, from $7.1 million in the same quarter last year. Number of transactions also grew by 70.9% to 0.3 million for the quarter, from 0.17 million transactions in…
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