Yatra Online Q2 gross bookings rise 5.6% as air margins improve; net loss widens

Yatra Online reported Q2 FY2027 gross bookings of INR 21,654.6 million, up 5.6% year-over-year, outperforming a declining Indian air travel market. Air Ticketing Adjusted Margin grew 20.8% YoY, but Hotels and Packages Adjusted Margin fell 25.9%. Revenue from operations dropped 40.2% YoY to INR 2,099.3 million, largely due to lower MICE revenue. The company posted a net loss of INR 235.3 million versus a year-ago profit of INR 98.8 million. Adjusted EBITDA swung to a loss of INR 32.2 million. The company faces a Nasdaq minimum bid price deficiency notice with a May 2027 compliance deadline.