MakeMyTrip would be boosted by Kingfisher Airlines deal, says Oppenheimer After MakeMyTrip jumped 6.6% yesterday on a report that Abu Dhabi's Etihad Airways is looking to buy a stake in India's Kingfisher Airlines, Oppenheimer believes that such a deal would keep Kingfisher afloat and could pave the way for other foreign airlines to invest in their Indian counterparts. Such a development could cause passenger volumes to increase and benefit MakeMyTrip and other Indian online travel agencies, according to the firm which maintains an Outperform rating on MakeMyTrip.
MakeMyTrip reports Q4 adjusted EPS (4c), consensus (3c) Reports Q4 revenue less service costs $36.37M, consensus $39.92M. Gross Bookings reached $404.4M in Q4 and $1.65B in FY15, representing a year-over-year increase of 19.4% and 32.2% respectively. Results reported yesterday morning in a regulatory filing.