#ixigo
War, weak rupee and high fares hit India’s travel firms as demand softens
Online travel giants like MakeMyTrip, ixigo, and Yatra are seeing a dip in air ticketing revenue as rising costs and geopolitical tensions push travelers to swap expensive Western trips for domestic and Southeast Asian alternatives.
Ixigo posts 8.5% rise in Q4 revenue, clocks profit of Rs 32 crore
Ixigo's parent, Le Travenues Technology, reported an 8.5% year-on-year increase in operating revenue to Rs 308 crore for the March quarter, with profit after tax soaring 91% to Rs 32 crore. This growth was driven by a multi-modal strategy and AI-driven cost r…