Online travel agent MakeMyTrip continues to post losses: It has reported net losses of $3.66 million for the quarter ended December 30, 2014, as compared to $1.6 million loss in the same quarter last year. This is MakeMyTrip’s 9 straight loss making quarter. The net revenues (revenues less service costs) however witnessed a significant 22.9% growth to $35.1 million for the quarter, from $28.6 million in the same quarter last year. The gross bookings also grew by 34.6% to $419.2 million from $311.3 million in the same quarter last year. Air Ticketing up 10.1%: Revenues from Air ticketing business grew by 10.1% to $18.1 million for the quarter, from $16.5 million in the same quarter last year. This was driven by a 47.3% increase in transactions to 1.32 million for the quarter, from 0.89 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 34.6% to $301.8 million for the quarter, from $224.2 million in the same quarter last year. Net revenue margins however dipped to 6% from 7.3% last year. Air Ticketing accounted for 51.6% of MakeMyTrip’s net revenues for the quarter, down from 57.6% in the same quarter last year. Hotel and Packaging: Revenues from the hotels and packages business grew by 43.5% to $15.8 million for the quarter, from $10.99 million in the same quarter last year. Number of transactions also grew by 46.5% to 0.34 million for the quarter, from 0.23 million transactions in the same…
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