Yatra Online, Inc. Ordinary Shares - YTRA STOCK NEWS

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.

Yatra Online, Inc. (NASDAQ: YTRA) has announced it has regained compliance with NASDAQ's minimum bid price requirement. Following a notification from the NASDAQ Listing Qualifications Department, Yatra's ordinary shares were priced at $1.00 or greater for at least 10 consecutive business days, specifically from November 9 to November 23, 2020. This compliance status applies to NASDAQ Marketplace Rule 5550(a)(2) and the issue is now considered closed by NASDAQ.

Yatra Online, Inc. (NASDAQ: YTRA) has announced its participation in two virtual investor conferences: the Sidoti & Co Microcap Virtual Investor Conference on November 19, 2020, and the Benzinga Global Small Cap Conference on December 9, 2020. CEO Dhruv Shringi will present at both events, which include live webcasts accessible to the public. Yatra is recognized as a leading provider of Corporate Travel services in India, catering to over 700 corporate clients, and offers diverse travel-related services, including hotel bookings and holiday packages.

Yatra Online, Inc. (NASDAQ: YTRA) announced its financial results for Q3 2020, reporting a significant decline in revenues due to the impact of the pandemic. Adjusted revenue was INR 377.7 million (USD 5.1 million), down 75.2% year-over-year. Losses for the period totaled INR 300.6 million (USD 4.1 million), while adjusted EBITDA loss improved to INR 125.0 million (USD 1.7 million). Domestic aviation recovery indicated a 60% sequential growth in adjusted revenue, with October 2020 traffic recovering to 42% of October 2019 levels. Yatra's liquidity position suggests resilience against prolonged industry slowdowns.

Yatra Online, Inc. (NASDAQ: YTRA) will announce its unaudited second quarter results for the period ended September 30, 2020, on November 5, 2020, before markets open in New York. The results will be available in the Investor Relations section of its website. Following the release, senior management will host a conference call on the same day at 8:30 AM EST to discuss the results. Yatra is a leading corporate travel service provider in India, catering to over 700 corporate customers and offering a variety of travel services.