Welcome to our dedicated page for Yatra Online news (Ticker: YTRA), a resource for investors and traders seeking the latest updates and insights on Yatra Online stock.
Yatra Online Inc. (YTRA) operates a leading digital travel platform serving corporate and leisure travelers across India and international markets. This news hub provides investors and industry observers with timely updates on company developments impacting the evolving travel technology sector.
Access official press releases and curated financial news covering Yatra's operational milestones, including earnings announcements, strategic partnerships, and service expansions. Our collection serves as a centralized resource for tracking management decisions, market positioning, and industry trends affecting this NASDAQ-listed travel innovator.
Key updates include developments in air ticketing systems, hotel distribution networks, and corporate travel solutions - core components of Yatra's integrated service model. Monitor updates on technological enhancements, customer growth metrics, and competitive landscape changes within the online travel sector.
Bookmark this page for streamlined access to Yatra's financial communications and market-moving announcements. Check regularly for objective reporting on operational developments that shape the company's trajectory in global travel markets.
Maguire Investment, a major shareholder of Yatra Online (NASDAQ:YTRA) with 7.4% ownership, issued an open letter highlighting potential for Yatra's share price to reach $6 based on projected $100 million sales in 2022. Concerns were raised regarding poor investor returns, governance issues, and subpar operational performance. The letter outlined a 'Yatra 2022 Plan' aimed at addressing these issues and called for unity among shareholders to push for improvements, including a prompt announcement for the 2021 annual general meeting.
Yatra Online, Inc. (NASDAQ: YTRA) reported its financial results for Q4 2020. The company achieved a 60.6% quarter-over-quarter increase in adjusted revenue to INR 606.6 million (USD 8.3 million), driven by recovery in domestic travel amid declining COVID-19 cases in India. Adjusted revenue from air ticketing rose by 69.2% and from hotels/packages by 140.8%. Adjusted EBITDA loss improved to INR 36.4 million (USD 0.5 million). The company aims for adjusted EBITDA break-even in H1 2021, supported by strong cost control and liquidity management.
Yatra Online, Inc. (NASDAQ: YTRA, OTCQX: YTROF) reported a 60.6% sequential growth in adjusted revenue for Q4 2020, reaching INR 606.6 million (USD 8.3 million), while adjusted revenue from air ticketing soared by 69.2%. The company reduced its adjusted EBITDA loss to INR 36.4 million (USD 0.5 million), down from INR 125 million in the previous quarter. Despite a year-over-year decline in total gross bookings, domestic travel recovery in India is evident as cases decrease and airline capacity improves, with December traffic averaging 230,000 passengers daily, 56.3% of December 2019 levels.
Yatra Online, Inc. (NASDAQ: YTRA) announced it will report its unaudited third-quarter results for the period ending December 31, 2020, on February 4, 2021, before market opens in New York. The results will be available on the company’s Investor Relations website. Following the release, a conference call will be held at 8:30 AM EST to discuss the financial results. Yatra, a leading corporate travel services provider in India, serves over 700 corporate clients and offers a wide range of travel services, including hotel bookings and holiday packages.
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