Yatra Online, Inc. (NASDAQ:YTRA) Q3 2024 Earnings Conference Call February 14, 2024 8:00 AM ET
Company Participants
Manish Hemrajani - Vice President, Corporate Development and Investor Relations
Dhruv Shringi - Co-Founder and Chief Executive Officer
Rohan Mittal - Group Chief Financial Officer
Conference Call Participants
Scott Beck - HC Wainwright
Operator
Good day everyone and welcome to the Yatra Online, Inc.'s Fiscal Third Quarter 2024 Earnings Conference Call. My name is Drew and I'll be the operator on today's call. All participants will be in a listen-only mode. There will be a Q&A on today's call. [Operator Instructions]
At this time, I would like to turn the conference call over to Manish Hemrajani, Head of Investor Relations. Please go ahead.
Manish Hemrajani
Thank you, Drew. Good morning, everyone. Welcome to Yatra's fiscal third quarter 2024 financial results for the period ended December 31, 2023. I am pleased to be joined on the call today by Yatra's CEO and Co-Founder, Dhruv Shringi, and CFO Rohan Mittal.
The following discussion, including responses to your questions, reflects management views as of today, February 14, 2024. We don't undertake any obligation to update or revise the information. Before we begin our formal remarks, let me remind you that certain statements made on today's call may constitute forward-looking statements, which are based on management's current expectations and beliefs and are subject to several risks and uncertainties that could cause actual results to differ materially. For a description of these risks, please refer to our filings with the SEC and our press release filed earlier this morning. These filings are available from the SEC and also on the Investor Relations section of our website.
With that, let me turn the call over to Dhruv. Dhruv, please go ahead.
Dhruv Shringi
Thank you, Manish, and good morning, everyone. Thank you for joining us for our third quarter earnings call. We are proud to report strong December quarter results. Yatra's air passenger segment recorded a robust 26% year-over-year growth, nearly tripling the industry benchmark of 9%. This makes it the fourth quarter in a row of share gains for Yatra. In the air travel sector our strong brand recognition and successful strategies in capturing market share has enabled us to grow both our domestic and international air business. As we move forward, we remain optimistic and committed to leveraging these positive trends to drive further growth and success.