Skift Take
After grappling with setbacks in the consumer segment, Yatra is doubling down on its core strength — corporate travel.
Indian online travel agency Yatra.com reported a 5% quarterly revenue decline Tuesday, a drop CEO Dhruv Shringi attributed to intensifying price competition in the consumer business.
“Over the course of the past few months and particularly in the last quarter, the country's largest airline (IndiGo) has begun offering deeply discounted fares exclusively on its website and mobile app, cheaper than what are available to third-party distribution channels. That, I think, is the bigger and more concerning trends that we are witnessing at this point of time,” Shringi said during a conference call to discuss earnings.
Shringi also touched on the supply side constraints, with Indigo taking out aircraft because of the Pratt & Whitney engine issue.
Yatra’s adjusted air-ticketing margins fell by 21%, reflecting the impac