Expect biz to hit pre-Covid levels by next summer, says MMT's Rajesh Magow

In June, domestic flight bookings were 5-7 per cent of the pre-Covid-19 levels and now that has gone up to to 25-27 per cent, Magow said

The April-June quarter was a washout for travel companies. MakeMyTrip, which saw revenue in key segments fall by 90 per cent in the quarter, had to rationalise costs and lay off staff. The company is targeting new solutions for revenue growth, expanding partnerships with agents and strengthening its balancesheet, says  group CEO Rajesh Magow. Edited excerpts: 

Are you seeing any green shoots of recovery as the government eases restrictions? 

After Unlock 2.0 and 3.0, we are seeing week on week and month on month improvement in business. In June, domestic flight bookings were 5-7 per cent of the pre-Covid-19 levels