Still, Easy Trip Director Prashant Pitti is sanguine, even though his company, which operates EaseMyTrip.com, gets more than 90% of its revenue from selling airline tickets. "Since the IPO, Covid cases have started going up, that’s unfortunate, we didn’t foresee it, ” said Pitti, who founded Easy Trip in 2008 with his brothers Nishant, who is CEO, and Rikant, another director. Gross booking revenue fell to 12.2bil rupees (RM0.69bil) in the nine months through December versus 31.8bil rupees (RM1.8bil) the same period of 2019. Booking volumes more than halved. Investors don’t seem too perturbed, with Easy Trip shares trading 9% above their 187-rupee (RM10.62) issue price on Tuesday.

Source: The Star March 30, 2021 07:47 UTC