TravelBiz Monitor: India travel news, travel trends, tourism

ITDC Clocks Impressive Revenue and Profit Growth in Half-Yearly Financial Results 2023-24

By TBM Staff - Mumbai Wednesday, 8 November 2023, 11:00 AM 210

India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism announced a big jump in H1 turnover. Following its remarkable financial performance in FY 2022-23, ITDC continues to demonstrate impressive results in H1 2023-24. The total turnover for the H1 of the year 2023-24 stood at INR 246.66 […]Continue Reading

Airlines in India expected to report net loss of INR 5,000-7,000 cr in FY24: ICRA

By TBM Staff - Mumbai Friday, 11 August 2023, 2:30 PM 512

Indian airlines are expected to see a sharp drop in net losses to INR 5,000-7,000 crore this fiscal as they continue to witness healthy passenger traffic growth and improvement in their revenue, rating agency ICRA said on Thursday. The net loss would be much lower compared to the INR 11,000-13,000 crore loss the industry is […]Continue Reading

Thomas Cook India reports record growth in Operating Profits for Q1 FY 2024

By TBM Staff - Mumbai Thursday, 10 August 2023, 3:00 PM 594

Thomas Cook India Ltd has reported a 27 fold increase in consolidated operating profits and a 166 percent jump in the Group’s operating EBITDA in the first quarter of FY24. The group reported INR. 1,474 Mn for Q1 FY24 against INR 555 Mn for the corresponding period last year. The company reported INR 914 Mn […]Continue Reading

Aviation Top Stories

IndiGo records highest ever quarterly profit of INR 3,090 crore in June

By TBM Staff - Mumbai Thursday, 3 August 2023, 9:30 AM 867

InterGlobe Aviation has reported a record profit after tax of INR 3,090.6 crore in the three months ended June. IndiGo reported its highest-ever quarterly total income of INR 17,160.9 crore in the first quarter of the current fiscal, according to a release. The carrier had registered a loss of INR 1,064.3 crore in the 2022 […]Continue Reading

OTAs Top Stories

MMT’s net profit at USD 18.6mn with record gross bookings of 31.4%

By TBM Staff - Mumbai Wednesday, 2 August 2023, 9:53 AM 1029

For the quarter ended FY24, NASDAQ-listed MakeMyTrip (MMT) has witnessed a strong growth in travel demand for leisure and business , leading to a record in gross bookings. According to its unaudited financial and operating results for the quarter ending June 30, 2023, the company stated that its gross bookings grew by 31.4% YoY in […]Continue Reading

Aviation Top Stories

SpiceJet Net Profit jumps fivefold to INR 107 Crore in Q3 FY2023

By TBM Staff - Mumbai Monday, 27 February 2023, 12:00 PM 392

SpiceJet reported a net profit of INR 107 Crore (INR 221 Crore excluding forex adjustment) for the quarter ending December 31, 2022 as compared to a net profit of INR 23.28 Crore (INR 20 Crore excluding forex adjustment) in the quarter ending December 31, 2021. Despite a big jump in passenger traffic, business continued to […]Continue Reading

ITDC Clocks Impressive Revenue and Profit Growth in Half-Yearly Financial Results 2023-24

Airlines in India expected to report net loss of INR 5,000-7,000 cr in FY24: ICRA

Thomas Cook India reports record growth in Operating Profits for Q1 FY 2024

IndiGo records highest ever quarterly profit of INR 3,090 crore in June

MMT’s net profit at USD 18.6mn with record gross bookings of 31.4%

SpiceJet Net Profit jumps fivefold to INR 107 Crore in Q3 FY2023

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