Losses continued to widen at online travel agent MakeMyTrip for the quarter ended June 30. Losses stood at $6.9 million as compared to $4 million in the same quarter last year. In the preceding quarter, the company posted losses of $4 million. This is MakeMyTrip's eleventh straight loss making quarter. However, the net revenues (revenues less service costs), increased 7.5% to $38.1 million from $35.5 million from the same period last year. On a sequential basis, net revenues stood increased 4.79% from $36.36 million. Gross bookings in the entire company grew 15.6% y-o-y to $467.9 million. Air Ticketing: Revenues from Air ticketing business grew by 20% to $19.8 million for the quarter, from $16.5 million in the same quarter last year. Transactions for air ticketing grew by 45.6% y-o-y to 1.605 million in the quarter. MakeMyTrip attributed this transaction growth to the special air fares offered by Indian domestic carriers. Gross bookings increased 16.8% y-o-y to $329.35 million. Air Ticketing accounted for 51.97% of MakeMyTrip’s net revenues for the quarter, up from 51.3% in the preceding quarter. 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 a mere 2.8% to $18.37 million for the quarter, from $17.87 million in the same quarter last year. Number of transactions grew by 14.36% to 0.43 million for the quarter, from 0.38 million transactions in the same quarter last year. Gross bookings fell by 7.7% to…
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