War, weak rupee and 47-60% higher Europe fares squeeze MakeMyTrip, ixigo, Yatra air revenue
Q4FY25 air ticketing softened across India's online travel agents: MakeMyTrip air revenue fell to $58.73M (-2% QoQ, -5% YoY), ixigo dropped 6.5% QoQ to ₹95.7cr, Yatra slipped 1% QoQ. Delhi-London fares jumped to ₹1.15 lakh from ₹72,000, redirecting travellers to Southeast Asia — Cleartrip's Philippines bookings tripled.
MakeMyTrip Q4FY25 air revenue fell to $58.73M (-5% YoY) as Europe fares surged 47-60% and weak rupee hit ixigo, Yatra bookings.
Mint · Industry · 5/24/2026, 7:53:44 AM · Ask about this →