MakeMyTrip Grows Despite Turbulence in India's Airline Sector
Skift Take
The past year has been a horror show for India's aviation sector. So MakeMyTrip deserves kudos for continuing to grow its air ticketing and overall sales despite the upheaval. But executives deserve criticism for the company's relentless unprofitability.
MakeMyTrip reported continued growth on Tuesday in defiance of India's challenging domestic air travel market.
India's air market has been in turmoil. In April, Jet Airways India ceased operations, grounding its 124 aircraft. The Indian government also spent recent months reviving its attempt to sell Air India, whose troubles have continued.
But the Indian online travel company didn't let the upheaval hold it back.
During the three months ending June 30, the group boosted its adjusted revenue by 21 percent, year-over-year, to $198.5 million. Adjusted revenue numbers reflect a more accurate picture than the unadjusted ones, according to Skift Research, because last year MakeMyTrip switched to a new national accoun
