According to Magow, MakeMyTrip saw "dramatic" recovery and a "complete turnaround" in its full-year results (a full year adjusted operating loss of $18 million in FY21 to an adjusted operating profit of $23.2 million in FY22) as a result of gaining market share in segments such as flights and premium hotels, a more variable cost structure and contributions of some of the relatively new investments.from Industry-Economic Times
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