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MakeMyTrip posts $18.6M profit in Q1 FY24, records highest ever gross bookings

The nasdaq-listed firm stated that its gross bookings grew by 31.4% yoy in constant currency to $2.0 billion..

Photo of Trisha Medhi

Wednesday August 02, 2023 , 2 min Read

Online travel service provider  MakeMyTrip  Limited said it witnessed a strong growth in travel demand for both leisure and business travel during the quarter Q1 FY24, leading to an all-time high gross booking in the company’s history.

According to its unaudited financial and operating results for the fiscal first quarter ending June 30, 2023, the company stated that its gross bookings grew by 31.4% YoY in constant currency to $2.0 billion.

MMT's adjusted operating profit stood at $30.1 million in Q1 FY24, as compared to $16.5 million in Q1 FY23, registering a growth of 83% YoY. The company's EBITDA witnessed a growth of 131.7% YoY with Q1 FY24 EBITDA at $25.9 million.

The company had reported an EBITDA of $ 11.2 million in the year-ago period.

The NASDAQ-listed firm registered a profit of $18.6 million in Q1 FY24 as compared to a loss of $10.0 million in Q1 FY23.

“We have started the new financial year on a positive note, delivering our strongest ever quarter with all time high gross bookings and profits. Travel demand across customer segments stayed robust in a seasonally strong quarter for leisure travel," said Rajesh Magow, Group Chief Executive Officer, MakeMyTrip.

The depth of travel-related offerings and quality customer experience that we deliver, powered by robust technology and product innovations, along with our strong brand are helping us cater to the evolving consumer preferences and stay ahead of the market,” he added.

Edited by Megha Reddy

  • MakeMyTrip (India) Private Limited
  • quarterly earnings

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  • Leaders Speak
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  • MakeMyTrip reports highest-ever quarterly growth in bookings & profit

make my trip q1 results

  • Online Bureau ,
  • ETTravelWorld
  • Updated On Aug 2, 2023 at 11:55 AM IST

make my trip q1 results

OYO registers 25x jump in EBITDA during Q1 FY2024

OYO marked its first full year of EBITDA profitability in the previous financial year, that is, FY2023, sources informed. Subsequently, during a company townhall presentation to employees earlier this year, the company's founder Ritesh Agarwal shared that they expect to clock adjusted EBITDA of nearly INR 800 crore in FY2024.

  • By Online Bureau ,
  • Published On Aug 2, 2023 at 11:52 AM IST

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Stock MMYT

MakeMyTrip Limited

Mu0295s00016, leisure & recreation.

  • MakeMyTrip : Q1 2024 Earnings Press Release

MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2024 FIRST QUARTER RESULTS

Gurugram, India and New York, August 1, 2023 - MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its fiscal first quarter ended June 30, 2023.

  • Constant currency refers to our financial results assuming constant foreign exchange rates for the current fiscal period based on the rates in effect during the comparable fiscal period in the prior fiscal year. This is a non-IFRS measure. For more information, see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release. IFRS refers to International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). Reconciliations of IFRS measures to non-IFRS financial measures and operating results are included at the end of this release.
  • This is a non-IFRS measure. For more information, see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release. Reconciliations of IFRS measures to non-IFRS financial measures and operating results are included at the end of this release.

Financial Highlights for Fiscal 2024 First Quarter

(Year over Year (YoY) growth % is based on constant currency (1) )

  • Gross Bookings increased by 31.4% YoY in 1Q24 to $1,987.5 million.
  • Adjusted Margin (2) - Air Ticketing increased by 30.4% YoY in 1Q24 to $74.5 million.
  • Adjusted Margin (2) - Hotels and Packages increased by 36.1% YoY in 1Q24 to $85.6 million.
  • Adjusted Margin (2) - Bus Ticketing increased by 39.7% YoY in 1Q24 to $27.3 million.
  • Adjusted Margin (2) - Others increased by 46.9% YoY in 1Q24 to $10.9 million.
  • Adjusted Operating Profit (2) increased to $30.1 million in 1Q24 versus $16.5 million in 1Q23, reflecting an improvement of $13.6 million YoY.
  • Adjusted Net Profit (2) increased to $33.6 million in 1Q24 versus $6.0 million in 1Q23, reflecting an improvement of $27.6 million YoY.

Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, commenting on the results, said,

"We have started the new financial year on a positive note, delivering our strongest ever quarter with all-time high gross bookings and profits. Travel demand across customer segments stayed robust in a seasonally strong quarter for leisure travel. The depth of travel-related offerings and quality customer experience that we deliver, powered by robust technology and product innovations, along with our strong brand are helping us cater to the evolving consumer preferences and stay ahead of the market."

Fiscal 2024 First Quarter Financial Results

Revenue . We generated revenue of $196.7 million in the quarter ended June 30, 2023, an increase of 37.8% (46.2% in constant currency (1) ) over revenue of $142.7 million in the quarter ended June 30, 2022, primarily as a result of an increase of 48.3% (57.4% in constant currency) in revenue from our air ticketing business, an increase of 37.1% (45.2% in constant currency) in revenue from our hotels and packages business, an increase of 22.8% (30.5% in constant currency) in revenue from our bus ticketing business, and an increase of 44.0% (53.0% in constant currency) in revenue from our others business, each as further described below. The increase in revenue was primarily due to the sustained elevated travel demand in India in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022.

The table below summarizes our segment profitability in terms of revenue and Adjusted Margin in each segment. Customer inducement costs have been added back to revenue to calculate Adjusted Margin and are intended to reflect the way we view our ongoing business. Under IFRS, these customer inducement costs are required to be recorded as a reduction of revenue. For more information, see "Information About Reportable Segments" in our condensed consolidated interim financial statements included elsewhere in this release. Also see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release.

Air Ticketing. Revenue from our air ticketing business increased by 48.3% (57.4% in constant currency) to $45.9 million in the quarter ended June 30, 2023, from $30.9 million in the quarter ended June 30, 2022. Our Adjusted Margin - Air ticketing increased by 22.9% (30.4% in constant currency) to $74.5 million in the quarter ended June 30, 2023, from $60.6 million in the quarter ended June 30, 2022. Adjusted Margin - Air ticketing includes customer inducement costs of $28.7 million in the quarter ended June 30, 2023 and $30.2 million in the quarter ended June 30, 2022, recorded as a reduction of revenue. The increase in revenue from our air ticketing business and Adjusted Margin - Air ticketing was primarily due to an increase in gross bookings of 22.8% (30.9% in constant currency) primarily driven by a 31.7% increase in the number of air ticketing flight segments year over year (excluding flight segments booked as a component of bookings for our Hotels and Packages segment), primarily due to the sustained elevated travel demand in India in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022. Further, our Adjusted Margin % (defined as Adjusted Margin as a percentage of gross bookings) - Air ticketing remained at 6.1% in the quarter ended June 30, 2023 as compared to 6.1% in the quarter ended June 30, 2022.

Hotels and Packages. Revenue from our hotels and packages business increased by 37.1% (45.2% in constant currency) to $115.2 million in the quarter ended June 30, 2023, from $84.0 million in the quarter ended June 30, 2022. Our Adjusted Margin - Hotels and packages increased by 27.9% (36.1% in constant currency) to $85.6 million in the quarter ended June 30, 2023 from $66.9 million in the quarter ended June 30, 2022. Adjusted Margin - Hotels and packages includes customer inducement costs of $30.0 million in the quarter ended June 30, 2023 and $24.0 million in the quarter ended June 30, 2022, recorded as a reduction of revenue. The increase in revenue from our hotels and packages business and Adjusted Margin - Hotels and packages was primarily due to an increase in gross bookings by 28.2% (36.5% in constant currency) primarily driven by a 20.0% increase in the number of hotel-room nights in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022, primarily due to the sustained elevated travel demand in India in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022. Our Adjusted Margin % - Hotels and packages remained at 17.2% in the quarter ended June 30, 2023 as compared to 17.2% in the quarter ended June 30, 2022.

Bus Ticketing. Revenue from our bus ticketing business increased by 22.8% (30.5% in constant currency) to $24.9 million in the quarter ended June 30, 2023, from $20.3 million in the quarter ended June 30, 2022. Our Adjusted Margin - Bus ticketing increased by 31.4% (39.7% in constant currency) to $27.3 million in the quarter ended June 30, 2023 from $20.8 million in the quarter ended June 30, 2022. Adjusted Margin - Bus ticketing includes customer inducement costs of $2.4 million in the quarter ended June 30, 2023 and $2.2 million in the quarter ended June 30, 2022, recorded as a reduction of revenue. The increase in revenue from our bus ticketing business and Adjusted Margin - Bus ticketing was due to an increase in gross bookings by 17.0% (24.7% in constant currency) driven by a 18.7% increase in the number of bus tickets travelled year over year, primarily due to the sustained elevated travel demand in India in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022. Our Adjusted Margin % - Bus ticketing increased to 9.9% in the quarter ended June 30, 2023 as compared to 8.8% in the quarter ended June 30, 2022, primarily due to the reclassification of distribution costs as a component of "other operating expenses" from a component of "service cost" in the current quarter, which is in line with the manner in which we evaluate our business performance and manage our operations. Corresponding previous quarter amounts have not been reclassified as the impact is considered to be immaterial.

Others. Revenue from our others business increased by 44.0% (53.0% in constant currency) to $10.7 million in the quarter ended June 30, 2023, from $7.4 million in the quarter ended June 30, 2022. Our Adjusted Margin - Others increased by 38.2% (46.9% in constant currency) to $10.9 million in the quarter ended June 30, 2023 from $7.9 million in the quarter ended June 30, 2022. Adjusted Margin - Others includes

customer inducement costs of $0.2 million in the quarter ended June 30, 2023 and $0.5 million in the quarter ended June 30, 2022, recorded as a reduction of revenue. The increase in revenue from our others business and Adjusted Margin - Others was on account of an increase in revenue from marketing alliances and other travel and ancillary services primarily due to the sustained elevated travel demand in India in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022.

Other Income . Other income was $0.3 million in the quarter ended June 30, 2023 and $0.05 million in the quarter ended June 30, 2022.

Personnel Expenses. Personnel expenses increased by 5.8% to $33.8 million in the quarter ended June 30, 2023 from $32.0 million in the quarter ended June 30, 2022, primarily due to annual wage increases effected in the quarter ended June 30, 2023, partially offset by a reduction in share-based compensation costs in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022.

Marketing and Sales Promotion Expenses. Marketing and sales promotion expenses increased by 23.5% to $30.6 million in the quarter ended June 30, 2023 from $24.8 million in the quarter ended June 30, 2022, primarily due to an increase in variable costs and discretionary marketing and sales promotion expenditures such as expenses on events and brand building initiatives in response to the sustained elevated travel demand in India in the quarter ended June 30, 2023 as compared to the quarter ended June 30, 2022.

Additionally, we incurred customer inducement costs recorded as a reduction of revenue of $61.2 million in the quarter ended June 30, 2023 and $56.8 million in the quarter ended June 30, 2022. The details are as follows:

For the three months ended

Other Operating Expenses. Other operating expenses increased by 49.6% to $47.1 million in the quarter ended June 30, 2023 from $31.5 million in the quarter ended June 30, 2022, primarily due to $15.2 million increase in operating expenses, including distribution costs, payment gateway charges, outsourcing fees and website hosting charges linked to an increase in bookings. Distribution costs have been reclassified as a component of "other operating expenses" from a component of "service cost" in the current quarter, which is in line with the manner in which we evaluate our business performance and manage our operations. Corresponding previous quarter amounts have not been reclassified as the impact is considered to be immaterial.

Depreciation, Amortization and Impairment. Our depreciation, amortization and impairment expenses decreased marginally by 1.8% to $6.8 million in the quarter ended June 30, 2023 from $6.9 million in the quarter ended June 30, 2022.

Results from Operating Activities. As a result of the foregoing factors, our results from operating activities were a profit of $19.1 million in the quarter ended June 30, 2023 as compared to a profit of $4.3 million in the quarter ended June 30, 2022. Our Adjusted Operating Profit was $30.1 million in the quarter ended June 30, 2023 as compared to $16.5 million in the quarter ended June 30, 2022. For a description of the components and calculation of "Adjusted Operating Profit (Loss)" and a reconciliation of this non-IFRS measure to the most directly comparable IFRS measure "Results from operating activities", see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release.

Net Finance Costs. Our net finance cost was $0.6 million in the quarter ended June 30, 2023 as compared to net finance cost of $14.4 million in the quarter ended June 30, 2022. The decrease in our net finance cost was primarily due to a decrease in net foreign exchange loss of $11.2 million in the quarter ended June 30, 2023, primarily due to decrease in unrealized foreign exchange losses resulting from translations of monetary assets and liabilities from Indian Rupees to U.S. dollars as at June 30, 2023 and taking into account the appreciation of the Indian Rupee against the U.S. dollar from March 31, 2023 to June 30, 2023.

Profit (Loss) for the Period. As a result of the foregoing factors, our profit for the quarter ended June 30, 2023 was $18.6 million as compared to a loss of $10.0 million in the quarter ended June 30, 2022. Our Adjusted Net Profit was $33.6 million in the quarter ended June 30, 2023, as compared to $6.0 million in the quarter ended June 30, 2022. For a description of the components and calculation of "Adjusted Net Profit (Loss)" and a reconciliation of this non-IFRS measure to the most directly comparable IFRS measure "Profit (loss) for the period", see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release.

Diluted Earnings (Loss) per Share. As a result of the foregoing factors, diluted earnings per share was $0.17 for the quarter ended June 30, 2023 as compared to diluted loss per share of $0.09 in the quarter ended June 30, 2022. Our Adjusted Diluted Earnings per share was $0.30 in the quarter ended June 30, 2023, as compared to $0.05 in the quarter ended June 30, 2022. For a description of the components and calculation of "Adjusted Diluted Earnings (Loss) per Share" and a reconciliation of this non-IFRS measure to the most directly comparable IFRS measure "Diluted earnings (loss) per share", see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release.

Liquidity. As at June 30, 2023, the balance of cash and cash equivalents and term deposits on our balance sheet was $521.8 million. In addition, we have existing credit facilities of approximately $119.4 million, which includes a $70.0 million facility from an affiliate of our largest shareholder, with the remaining amount from various commercial banks. As at June 30, 2023, $0.05 million has been drawn under these facilities.

Repurchases of Shares and Convertible Notes

The Company's share repurchase plan was initially approved by our Board of Directors on November 6, 2012 and was most recently amended on March 9, 2023 to further extend the term of such plan until March 31, 2026 and to remove the limit on the repurchase price per ordinary share whereby the Company can henceforth repurchase ordinary shares at any price determined by our Board of Directors from time to time. There were no repurchases pursuant to the share repurchase plan during the first quarter of fiscal year 2024. As at June 30, 2023, we had remaining authority to repurchase up to $136.0 million of our outstanding ordinary shares.

On May 16, 2023, our Board of Directors authorized the Company to repurchase the 0.00% convertible senior notes due 2028, or 2028 Notes, from time to time through open market purchases, privately negotiated transactions with individual holders or otherwise, in accordance with applicable securities laws, provided that the aggregate amount of ordinary shares and aggregate amount of 2028 Notes that may be repurchased by the Company shall not exceed $136.0 million. The price and timing of any repurchases of 2028 Notes will depend on prevailing market conditions, liquidity requirements, contractual restrictions and other factors as determined by the Board from time to time. There can be no assurance that we will execute any such repurchase.

Conference Call

MakeMyTrip will host a live Zoom webinar to discuss the Company's results for the quarter ended June 30, 2023 beginning at 7:30 AM EDT or 5:00 PM IST on August 1, 2023 through the Company's Investor Relations website at https://investors.makemytrip.com/ . To

participate, please use the following the link https://makemytrip.zoom.us/webinar/register/WN_- eyb56qBQmWRKy0fTgVOog#/registration to register for the live event. Registered participants will receive a confirmation email containing the Zoom access link and alternative phone dial-in details. A replay of the event will be available on the "Investor Relations" section of the Company's website at http://investors.makemytrip.com , approximately two hours after the conclusion of the live event.

About Key Performance Indicators and Non-IFRS Measures

We refer to certain non-IFRS measures in various places within this release, including "Adjusted Operating Profit (Loss)", "Adjusted Net Profit (Loss)", "Adjusted Diluted Earnings (Loss) per Share" and constant currency results. Our key performance indicators are "Adjusted Margin" and "Adjusted Margin %" which are also non-IFRS measures referred to in various places within this release.

We evaluate our financial performance in each of our reportable segments based on our key performance indicators, Adjusted Margin and Adjusted Margin %, which are non-IFRS measures and segment profitability measures. Adjusted Margin represents IFRS revenue after adding back customer inducement costs in the nature of customer incentives, customer acquisition costs and loyalty program costs which are reported as a reduction of revenue, and deducting the cost of acquisition of services primarily relating to sales to customers where we act as the principal. Adjusted Margin % represents Adjusted Margin as a percentage of gross bookings.

As certain parts of our revenues are recognized on a "net" basis when we are acting as an agent, and other parts of our revenue are recognized on a "gross" basis when we are acting as the principal, we evaluate our financial performance in each of our reportable segments based on Adjusted Margin, which is a non-IFRS measure and a segment profitability measure, as we believe that Adjusted Margin reflects the value addition of the travel services that we provide to our customers. Income from packages, including income on airline tickets sold to customers as a part of tours and packages is accounted for on a "gross" basis as the Company controls the services before such services are transferred to travelers. Revenue from the packages business which is accounted for on a "gross" basis represents the total amount paid by customers for these travel services and products, while our cost of procuring the relevant services and products for sale to our customers in this business is classified as service cost.

We also refer to Adjusted Operating Profit (Loss), Adjusted Net Profit (Loss) and Adjusted Diluted Earnings (Loss) per Share which are non-IFRS measures and most directly comparable to results from operating activities, profit (loss) for the period and diluted earnings (loss) per share for the period, respectively, each of which is an IFRS measure. We use financial measures that exclude share-based compensation expense, amortization of acquired intangibles, net change in financial liability relating to acquisitions, share of profit of equity-accounted investees, interest expense on financial liabilities measured at amortized cost and income tax benefit for our internal management reporting, budgeting and decision making purposes, including comparing our operating results to that of our competitors.

A limitation of using Adjusted Operating Profit (Loss), Adjusted Net Profit (Loss) and Adjusted Diluted Earnings (Loss) per Share instead of results from operating activities, profit (loss) for the period and diluted earnings (loss) per share calculated in accordance with IFRS as issued by the IASB is that these non-GAAP financial measures exclude a recurring cost, for example, share-based compensation. Management compensates for this limitation by providing specific information on the IFRS amounts excluded from Adjusted Operating Profit (Loss), Adjusted Net Profit (Loss) and Adjusted Diluted Earnings (Loss) per Share. Because of varying available valuation methodologies and subjective assumptions that companies can use when adopting IFRS 2 "Share based payment," management believes that providing non-IFRS measures that exclude such expense allows investors to make additional comparisons between our operating results and those of other companies. In addition, reconciliations of IFRS measures to non-IFRS financial measures and operating results are included at the end of this release.

Constant currency results are financial measures that are not prepared in accordance with IFRS, and assume constant currency exchange rates used for translation based on the rates in effect during the comparable period in the prior period. Because the impact of changing foreign currency exchange rates may not provide an accurate baseline for analyzing trends in our business, management believes percentage growth in constant currency is an important metric for evaluating our operations. Constant currency is a non-IFRS measure and it should not be considered as a substitute for measures prepared in accordance with IFRS.

We believe that our current calculations of Adjusted Operating Profit (Loss), Adjusted Net Profit (Loss), Adjusted Diluted Earnings (Loss) per Share, Adjusted Margin, Adjusted Margin % and change in constant currency represent a balanced approach to adjusting for the impact of certain discrete, unusual or non-cash items and other items such as customer inducement costs in the nature of customer incentives, customer acquisition costs and loyalty program costs, which we believe are representative of our operating results and provide useful information to investors and analysts. We believe that investors and analysts in our industry use these non-IFRS measures and key performance indicators to compare our company and our performance to that of our global peers.

However, the presentation of these non-IFRS measures and key performance indicators are not meant to be considered in isolation or as a substitute for our consolidated financial results prepared in accordance with IFRS as issued by the IASB. These non-IFRS measures and key performance indicators may not be comparable to similarly titled measures reported by other companies due to potential differences in the method of calculation.

Safe Harbor Statement

This release contains certain statements concerning the Company's future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward- looking terminology such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "believe", "potential", "continue", "is/are likely to", "project", "seek", "should" or other similar expressions. Such statements include, among other things, quotations from management as well as MakeMyTrip's (MMYT) strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, a slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of MMYT's shares, MMYT's reliance on its relationships with travel suppliers and strategic alliances, failure to further increase MMYT's brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop MMYT's corporate travel business, damage to or failure of MMYT's infrastructure and technology, loss of services of MMYT's key executives, and inflation in India and in other countries. These and other factors are more fully discussed in the "Risk Factors" section of MMYT's 20-F dated July 25, 2023, filed with the United States Securities and Exchange Commission. COVID-19, and the volatile regional and global economic conditions stemming from it, and additional or unforeseen effects from the COVID-19 pandemic, could also continue to give rise to or aggravate these risk factors, which in turn could continue to materially adversely affect our business, financial condition, liquidity, results of operations (including revenues and profitability) and/or stock price. Further, the COVID-19 pandemic may also affect our operating and financial results in a manner that is not presently known to us or that we currently do not consider to present significant risks to our operations. All information provided in this release is provided as of the date of issuance of this release, and MMYT does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About MakeMyTrip Limited

MakeMyTrip Limited is India's leading travel group operating well-recognized travel brands including MakeMyTrip, Goibibo and redBus. Through our primary websites www.makemytrip.com, www.goibibo.com, www.redbus.in, and mobile platforms, travellers can research, plan and book a wide range of travel services and products in India as well as overseas. Our services and products include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, rail ticketing, bus ticketing, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance, visa processing and foreign exchange.

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MakeMyTrip Limited published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 01 August 2023 10:36:42 UTC .

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make my trip q1 results

MakeMyTrip Q1 Results: Net profit at $18.6 million, gross booking surges 31% to $2 billion

The company said that demand for both leisure and business travel witnessed strong growth during the quarter leading to all-time high gross bookings in the company's history..

Travel demand for both leisure and business travel witnessed strong growth during the quarter leading to all-time high gross bookings

Profit for the period was $18.6 million in Q1 FY24 as compared to a loss of $10 million in Q1 FY23, it added. EBITDA, a measurement of a company's earnings, stands for earnings before interest, taxes, depreciation and amortization.

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Makemytrip: fiscal q1 earnings snapshot.

GURGAON, India (AP) — GURGAON, India (AP) — MakeMyTrip Ltd. (MMYT) on Tuesday reported earnings of $21 million in its fiscal first quarter.

The Gurgaon, India-based company said it had profit of 19 cents per share. Earnings, adjusted for pretax expenses and stock option expense, came to 39 cents per share.

The online travel company posted revenue of $254.5 million in the period.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMYT at https://www.zacks.com/ap/MMYT

make my trip q1 results

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MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion

The online travel services platform delivered its highest-ever quarterly gross bookings during q3 fy24.

MakeMyTrip

The company's EBITDA grew by 105.6 per cent YoY to $29.4 million in Q3 FY24.

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MakeMyTrip launches 'Beaches of India' campaign after India-Maldives row

MakeMyTrip launches 'Beaches of India' campaign after India-Maldives row

MakeMyTrip Q1FY24 results: Net profit at $18.6 million, revenue up 37%

MakeMyTrip Q1FY24 results: Net profit at $18.6 million, revenue up 37%

As India-Maldives row heats up, all you need to know about Lakshadweep

As India-Maldives row heats up, all you need to know about Lakshadweep

'India our 911 call', says former Maldives minister amid row. Top points

'India our 911 call', says former Maldives minister amid row. Top points

Highlights: Indians' boycott will hit us hard, says ex-Maldives minister

Highlights: Indians' boycott will hit us hard, says ex-Maldives minister

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First Published: Jan 23 2024 | 6:38 PM IST

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make my trip q1 results

MakeMyTrip Limited (NASDAQ:MMYT) Q1 2025 Earnings Call Transcript

MakeMyTrip Limited (NASDAQ: MMYT ) Q1 2025 Earnings Call Transcript July 23, 2024

MakeMyTrip Limited beats earnings expectations. Reported EPS is $0.39, expectations were $0.2.

Vipul Garg: Hello everyone. I am Vipul Garg, Vice President, Investor Relations at MakeMyTrip Limited, and welcome to our Fiscal '25 First Quarter Earnings Webinar. Today's event will be hosted by company's leadership team, comprising Rajesh Magow, our Co-Founder and Group Chief Executive Officer; and Mohit Kabra, our Group Chief Financial Officer. As a reminder, this live event is being recorded by the company and will be made available for replay on our IR website shortly after the conclusion of today's event. At the end of these prepared remarks, we will also be hosting a Q&A session. Furthermore, certain statements made during today's event may be considered forward-looking statements within the meaning of the Safe-Harbor provision of the U.S. Private Securities Litigation Reform Act of 1995.

These statements are not guarantee of future performance, are subject to inherent uncertainties and actual results may differ materially. Any forward-looking information relayed during this event speaks only as of this date and the company undertakes no obligation to update the information to reflect changed circumstances. Additional information concerning these statements is contained in the Risk Factors and forward-looking statements section of the company's annual report on Form 20-F filed with the SEC on July 2, 2024. Copy of these filings are available from the SEC or from the company's Investor Relations department. I would like to now turn the call over to Rajesh for his remarks. Over to you, Rajesh.

Rajesh Magow: Thank you, Vipul. Welcome everyone to our first quarter call for fiscal 2025. We are pleased to share that we've started the financial year-on a strong note with the highest-ever quarterly gross bookings, revenue and adjusted operating profit with robust growth across all our businesses. We delivered these strong numbers despite the late pickup of the season for leisure travel due to general elections in April. Gross booking value for Q1 was more than $2.4 billion, with growth at 22% year-on-year in constant currency terms and the adjusted operating profit was $39.1 million, registering a growth of about 30% year-on-year. Our strategy of catering to various travel use cases and targeting different demand segments on multiple customer touch points is helping us deliver sustained growth.

A wide spectrum of travel products is also helping us increase our share of the wallet of Indian travellers' overall travel spend. We now have a lifetime transacted user base of 75 million across all our three brands. To build strong -- to build stronger loyalty, we relaunched our flagship loyalty program, MMT Black, with simplified two tiers and with new benefits, such as guaranteed room upgrades and meal upgrades for participating hotels and homestays, immediate myCash credit post booking and no cap on the number of times one can avail discounts on flight add-ons such as zero cancellation, in-flight meal, free date change, et cetera. Although it is early days of the new MMT Black program rollout, we have already seen improvement in the operating metrics compared to the earlier version, indicating better value for our Black customers.

On macroeconomic front, India's robust economic growth has boosted the disposable income of its growing upper-middle class, leading to higher disposable income in their hands. As a result, there is a visible increase in spending on discretionary services, including travel and tourism. On the other hand, the lower-middle class is also a growing number, acting as a booster for domestic travel. Besides, the increasing number of households headed by the younger generation is helping drive a cultural shift towards taking more breaks in a year. The rise of flexible working arrangements has also influenced travel behavior. Many people are combining work and leisure through vacations and extended stays in different locations. The shift in work culture allows individuals to travel more frequently without compromising their professional responsibilities.

To continue reading the Q&A session, please click here .

A busy airport terminal with travelers queuing up for flights, revealing the sheer volumes of travelers served by the company.

Quarterly Results

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Hurricane tracker, severe weather, radar & maps, news & features, winter center, news / live updates, live: hurricane helene makes landfall in florida as powerful category 4 storm.

Helene is the strongest hurricane to make landfall in the United States this year, and it will continue to produce life-threatening conditions as moves inland over the Southeast with intense wind and flooding rain.

Updated Sep. 26, 2024 9:03 PM PDT

Florida power outages surpass 1 million, continues to rise

By Brian Lada, AccuWeather meteorologist and senior content editor

Sep. 26, 2024 11:58 PM PDT

Wind and rain rapidly intensify in Perry, Florida, as Helene makes landfall to the southwest as a Category 4.

Around the time Hurricane Helene made landfall in Florida, power outages across the state surged to over 1 million . The majority of these outages are concentrated around Tampa and the Big Bend area, where Helene struck. According to PowerOutage.us, over 80% of tracked electric customers in Dixie, Gilchrist, Lafayette, Levy, Suwannee, and Taylor counties are affected .

Power outages are also increasing in Georgia , where approximately 54,000 electric customers were without power around midnight, local time. AccuWeather meteorologists predict more outages as Helene moves inland , with some outages potentially lasting several days to over a week.

BREAKING: Hurricane Helene makes landfall in Florida

Sep. 26, 2024 11:19 PM PDT

make my trip q1 results

A satellite image of Hurricane Helene as it made landfall in Florida as a Category 4 hurricane on Sept. 26, 2024. (NOAA/GOES-EAST)

At 11:10 p.m. EDT, the eye of Hurricane Helene made landfall southwest of Perry, Florida, as a dangerous Category 4 storm with 140-mph winds . Landfall occurred extremely close to where Hurricane Debby made landfall earlier this season, and where Hurricane Idalia slammed into Florida in 2023.

The risk to lives and property will remain extreme as Helene plows inland with hurricane-force winds sparking widespread power outages  into Georgia that can last for an extended period of time. Additionaly,  Helene could cause a flooding disaster  as it unloads more than a foot of rain in the mountains of North Carolina, South Carolina and northern Georgia. “ Some communities may be cut off with no way to enter or exit for days  if there is damage to infrastructure such as bridges and roadways,” AccuWeather Chief Meteorologist Jonathan Porter warned.

WATCH: Storm Chaser faces fierce winds as Hurricane Helene approaches landfall

By Monica Danielle, Managing Editor, Digital Content

Sep. 26, 2024 10:50 PM PDT

Storm chaser Aaron Jayjack showed the extreme conditions in Perry, Florida, with landfall of Hurricane Helene imminent as the strongest hurricane to ever strike the area.

As Hurricane Helene barrels toward Florida, the situation is escalating at an alarming rate.  “As bad as things are now, they are going to ramp up very quickly in the next 40 minutes,” Bernie Rayno cautioned, adding that  wind gusts of at least 115 mph were headed toward the city of Perry, Florida.

Storm chaser Aaron Jayjack reported live from Perry amid an extreme wind warning, with gusts exceeding 60 mph as Rayno described the rain coming in horizontally, nearly knocking Jayjack over as he stood against the fierce winds.

“Stay safe, my friend, you’re going to get hit by the strongest hurricane to ever strike Big Bend, Florida,” AccuWeather Chief Meteorologist Bernie Rayno warned.

Already, power outages are flickering throughout the region, and conditions are expected to deteriorate rapidly.  The residents of Big Bend are urged to take immediate precautions as Hurricane Helene makes its imminent and powerful landfall.

Power outages continue to increase in Florida

By Ade Adeniji, AccuWeather Staff Writer

Sep. 26, 2024 10:33 PM PDT

make my trip q1 results

Just an hour ago, more than 630,000 electric customers in Florida were without power, according to  PowerOutage.us .  Now that number has risen to nearly 725,000 customers in Florida who have lost power in advance of Helene's imminent landfall in the state.

One concern in Florida capital Tallahassee is the many tall old oak trees in the city, leading to concerns of downed trees which will lead to mobile home damage and power outages . Some of these mobile homes were still recovering after a devastating tornado earlier in the year, reported AccuWeather's Ali Reid.

Once Helene makes landfall, it will continue to impact multiple southeastern states. More than 30,000 customers in Georgia are already without power, with more than 12,000 customers having lost power in North Carolina, according to  PowerOutage.us .

Eye of Hurricane Helene reaches Florida, landfall imminent

Sep. 26, 2024 10:25 PM PDT

make my trip q1 results

A radar image of Hurricane Helene as the eye reached the coast of Florida on Sept. 26, 2024. (AccuWeather)

Helene is less than an hour from making landfall in Florida as a monster Category 4 hurricane . The area just outside the eye of a storm is where the strongest winds blow, and that is the part of Helene that is beginning to move over land.  The worst of the storm is blasting the coast southeast of Tallahassee near mouth of the Aucilla River, Florida , around the same spot where Hurricane Idalia made landfall last year.  Lightning has also been flickering in the eye, a sign that Helene could still be strengthening.

Storm Chaser Mike Scantlin is in Perry, Florida, where winds have dramatically picked up in the past 20 minutes. “ I think this is exactly where the eye is going to go right over us here, ” Scantlin said. “With power flickering already, it’s going to be a long, powerless night here in Perry.”

Storm chaser Mike Scantlin reported live from Perry, Florida, just before 10 p.m. on Sept. 26, as Hurricane Helene rapidly closed in on the coast.

‘Eerily quiet’ in Tallahassee, but not for long as eye of Helene approaches land

Sep. 26, 2024 10:02 PM PDT

AccuWeather’s Ali Reid reported live from Tallahassee in the hours before landfall, warning of the dangers of an impending powerful hurricane.

“ I’m feeling [sic] knots in my stomach, that is the best way to describe what is happening right now ,” AccuWeather National Reporter Ali Reid said early Thursday night from downtown Tallahassee, Florida. “Because of the fact that we truly are going from zero to potentially 100 here in terms of when this storm actually comes true,  it’s going to be a bit of a shock factor .”

Reid added that it was “eerily quiet” in Tallahassee with only some wind and rain, with conditions expected to deteriorate as the night go on.

Rare ‘extreme wind warning’ issued ahead of Helene landfall

Sep. 26, 2024 9:22 PM PDT

The strongest winds from Category 4 Helene are starting to move ashore with the eyewall just miles from the Florida coast, prompting a  rare “extreme wind warning”  to be issued by the National Weather Service (NWS).  People in this area should treat it like a tornado  and take shelter in a safe interior room. “ THIS IS AN EXTREMELY DANGEROUS AND LIFE-THREATENING SITUATION! ” the NWS said in the alert. People will need to stay in their safe spot for several hours until after the eye of Hurricane Helene has passed and the intense winds subside.

Maximum winds in the eye of Helene have risen again, reaching 140 mph , with further strengthening possible as the eye begins to make landfall in Florida.

make my trip q1 results

Waffle House closes some Florida locations, signaling serious threat

By Monica Danielle, AccuWeather Managing Editor, Digital Content

Sep. 26, 2024 9:05 PM PDT

Since the early 2000s, many people have come to know the “Waffle House Index:” a scale measuring how bad a natural disaster is based on whether Waffle House locations have shut down.

Waffle House preemptively closed some of its restaurants in Florida  due to the impending storm, although specific numbers or locations were not disclosed.

In the southern United States,  the closure of a Waffle House is often seen as a sign of a serious storm . It comes from Waffle House’s reputation for being well-prepared for disasters and either remaining open during disastrous weather or reopening shortly afterward.  This notion is encapsulated in the “ Waffle House Index , ” an informal measure used by a former FEMA official to gauge the severity of storm impacts on an area. “In regions forecasted to be most affected, we will close our restaurants ahead of the storm with the intention of reopening as soon as it is safe,” stated Njeri Boss, Waffle House’s vice president of food safety and public relations told  CNN  in an email.

At least one Waffle House location in Tallahassee has closed, another in Naples, and other locations in the area are currently not accepting online orders. Locations around Panama City Beach, some in the Tampa Bay area, and a few in southern Georgia have also shut down online ordering.

More than 631,000 without power in Florida as Helene approaches land

Sep. 26, 2024 9:00 PM PDT

The number of power outages across Florida is rapidly increasing  as winds from Helene intensify along the state’s Gulf Coast. Shortly before 10 p.m. EDT,  more than 631,000 electric customers were without power , according to PowerOutage.us. The majority of these outages were reported in coastal counties, with  over 250,000 affected in the Tampa area alone.

make my trip q1 results

Power outages are also beginning to rise in Georgia and the Carolinas.  In particular, Georgia is expected to see a significant increase in outages as the eye of Hurricane Helene moves inland  overnight and into Friday morning. AccuWeather meteorologists warn that  power outages in the hardest-hit areas could last more than a week  due to the dense tree cover in this region of the Gulf Coast.

Conditions deteriorate in Steinhatchee hours before Helene's landfall

Sep. 26, 2024 8:48 PM PDT

AccuWeather spoke live with CNN’s Michael Yoshida in Steinhatchee, Florida, a little more than two hours before Hurricane Helene was projected to slam into the area.

As Helene marches towards the Big Bend region of Florida for an expected landfall in a few hours, Steinhatchee, Florida is already seeing rapidly deteriorating conditions.

AccuWeather spoke with CNN Newsource Correspondent Michael Yoshida who was live from Steinhatchee in advance of landfall.  "We're starting to see the wind, the rain pick up," Yoshida said. "The concern was all of that storm surge potential, all of that water."

make my trip q1 results

Steinhatchee is a low lying area that was also hit by Idalia. Yoshida spoke with a marina owner, who said several of their docks were lost during that storm last year.

The sheriff's office had been knocking on doors in recent days, asking residents if they had an evacuation plan and encouraging those who were lingering to leave.

AccuWeather is predicting storm surges of 10-15 feet in that area.

Latest from Apalachicola: ‘We’re losing daylight, the situation is gonna be getting much worse’

Sep. 26, 2024 8:04 PM PDT

Windows are boarded up, the storm surge is rising and conditions are deteriorating in Apalachicola, Florida, as Helene powers toward the U.S. coast as a monster Category 4 storm. “ We’re losing daylight, the situation is gonna be getting much worse ,” AccuWeather National Reporter Bill Wadell said while reporting live from Apalachicola on Thursday evening. Wadell added that people were evacuating all day, but some residents remained in town ready to ride out the storm. “ We can tell you virtually every single business here in Apalachicola is shut down and locked up tight ,” Wadell added. Watch Wadell’s live report below:

We're gearing up for a long night night in #Apalachicola #Florida @AccuRayno and the team at @accuweather says the #eyewall of #Hurricane #Helene will pass to our east Dangerous conditions expected here tonight... the situation and storm #surge threat to our east is dire #FLwx pic.twitter.com/UURPSId643 — Bill Wadell (@BillWadell) September 26, 2024

Georgia braces for Helene

Sep. 26, 2024 7:44 PM PDT

Helene will slam into the Florida coast as an extremely fast-moving storm, continuing into Georgia while still a hurricane.

Helene will make landfall in Florida and quickly move inland into Georgia while still retaining hurricane status.

AccuWeather's Tony Laubach reported from Cordele, Georgia, more than 30 miles inland from the Big Bend region in Florida where Helene is forecast to make landfall. "[Helene] is still going to maintain its hurricane intensity over 100 miles inland," Laubach said. "We think Georgia is going to see some significant impacts from this."

Laubach emphasizes that Georgians won't just be dealing with torrential rain, but wind gusts of over 100 miles per hour.

Power crews are stationed in Cordele along the I-75, ready to jump into action to deal with power outages when the storm passes.

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So far, Laubach reports cloudy skies and the beginning of some rain. By nightfall, Helene will start to approach Georgia in earnest.

With trees and other hazards falling in darkness, it's important to stay inside and off roads.

Hurricane Helene: A colossal storm

By Monica Danielle, AccuWeather Managing Editor Digital Content

Sep. 26, 2024 7:37 PM PDT

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Helene ranks among the largest storms in the Gulf of Mexico over the past century,  with a wind field that could cover the distance between Indianapolis and Washington, DC, CNN reports .

Massive size :

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A satellite image of Hurricane Helene just before sunset on Sept. 26, 2024, around the time that it was upgraded to a category 4 storm. (NOAA/GOES-EAST)

AccuWeather hurricane expert Dan DePodwin explains “Tropical storm force  wind gusts extend up to 310 miles outward from the center. However, when you look at how far they stretch in their entirety, it’s nearly all of Florida which is equivalent to 450 miles . The tropical storm force wind gusts cover roughly 3x the area that they did during Beryl earlier this year.”

Catastrophic wind damage:

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The massive sprawl of Helene will lead to higher storm surges and dangerous winds extending far inland, likely causing widespread power outages across the Southeast. Officials warn that the  catastrophic wind damage from the storm could result in power outages that may “likely last days, if not weeks .”

Category 4 hurricanes have sustained winds over 130 mph that can severely damage homes, snap trees and down power lines.  Power outages in homes and businesses in Florida are already at 350,000 , according to the tracking site  poweroutage.us .

“Unsurvivable” Storm Surge:

The storm surge could reach up to  20 feet along Florida’s Big Bend . The National Weather Service is warning of an  “unsurvivable” storm surge in Apalachee Bay.

Helene strengthens into monster Category 4 storm

Sep. 26, 2024 7:09 PM PDT

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As AccuWeather predicted, Helene continues to rapidly intensify and is now a major Category 4 storm with maximum sustained wind speeds of 130 mph.

The storm has gone through rapid intensification over the ultra warm Gulf of Mexico waters and could intensify a bit more, according to AccuWeather meteorologists. Helene is forecast to peak as a Category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale.

Helene is expected to make landfall along Florida's Big Bend region, bringing the risk of devastating damage. The storm could retrain its category 4 status as it makes landfall later tonight.

Storm surge sweeps ashore, flooding Tampa area as Helene approaches

By Monica Danielle, Managing Editor Digital Content

Sep. 26, 2024 6:38 PM PDT

Storm chaser Leslie Hudson reported live from rising floodwaters in Tampa hours ahead of Helene’s landfall on the evening of Sept. 26.

Leslie Hudson reported live from rising floodwaters in Tampa just hours ahead of Hurricane Helene’s landfall on the evening of September 26. Reporting from Gulfport, Hudson described the dire situation:  “As you can see, it is very high, the surge. It’s already up to the top of my waders.”

The broadcast showed  water inundating storefronts, roofs being ripped off, and dozens of boats unmoored and crashing around , all while the storm was still hours away from making landfall. Hudson noted, “It’s very difficult to stand, and of course, we’re anticipating the worst weather in the coming hours.”

NWS’s Ken Graham witnesses Helene’s power from Hurricane Hunters flight, warns public

Ken Graham, director of the National Weather Service flew with the hurricane hunters over Hurricane Helene today. Describing his experience, Graham remarked, “ We saw just an incredible, powerful storm. ” Graham recounted a particularly striking moment during their fourth penetration into the eye of the storm, noting that  the storm was so powerful it pushed the plane up 1,500 feet almost in an instant. ” His firsthand observations underscore the sheer intensity of Helene, prompting him to urge everyone to “ take it really seriously. ”

See the full interview below:

National Weather Service director Ken Graham flew with the hurricane hunters over Hurricane Helene. He shares what he saw flying over the powerful storm, which will hit Florida on the night of Sept. 26.

Sheriff’s grim warning: Mark bodies with permanent marker for identification amid Hurricane Helene

Sep. 26, 2024 6:00 PM PDT

In a stark and sobering plea, the  Taylor County Sheriff’s Office is urging residents who have chosen to stay behind and not evacuate ahead of Hurricane Helene to write their names and identifying information on their bodies with a permanent marker.

This grim measure is intended to aid in identification in the event of fatalities caused by the storm.  The request underscores the extreme danger posed by Helene, highlighting the life-threatening conditions expected from its powerful winds, storm surge, and flooding.  It serves as a powerful reminder of the severe risks associated with choosing to remain in the path of such a devastating hurricane.

Possible tornado in Cape Coral caught on camera

Sep. 26, 2024 5:26 PM PDT

A surveillance camera in this home in Cape Coral, Florida, captured a possible tornado sending debris flying in the morning of Sept. 26. This comes before Hurricane Helen is expected to make landfall.

Thursday morning, a surveillance camera in a Cape Coral, Florida home captured a possible tornado which sent debris flying. Cape Coral, Florida is on Florida's southwest coast, not where Helene will make landfall. Nonetheless, the event showcases the far-reaching impact of Helene, which will impact a number of southeastern states in the next 24 hours. AccuWeather has emphasized the possibility  of tornadoes with Helene, particularly to the east of its track and this footage is one example of the kind of severe weather than can spawn.

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As Helene continues north, conditions may cause considerable risk to lives and property even as the storm travels well inland from strong winds and flooding rain in portions of Georgia, South Carolina, western North Carolina, the Virginia Panhandle, eastern Tennessee and perhaps parts of Kentucky and West Virginia.

Georgia Governor Kemp: ‘This is one of the biggest storms we’ve ever had’

Sep. 26, 2024 4:42 PM PDT

As Helene continues its track towards Florida, the storm will not just be catastrophic at landfall but well inland, including in states like Georgia and the Carolinas.

Georgia officials are urging people to stay home while responder teams step in to deal with Helene's impact.

Hurricane Helene has yet to make landfall in the Florida Gulf Coast, but the storm has already brought high winds, storm surge and flooding to the region on Sept. 26, and conditions will worsen.

On the heels of issuing a state of emergency for all 159 Georgia counties yesterday, Georgia Governor Brian Kemp continued to emphasize the danger of Helene at a Thursday press conference:  “This is one of the biggest storms we’ve ever had...It may not be the strongest category, but from a wind field perspective and the amount of damage it has the potential to do statewide, it’s better to be safe than sorry.”

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Georgia is bracing for extended power outages as the storm moves through the southern part of the state first and then north towards Atlanta.

Gov. Kemp also spoke about emergency shelters and Red Cross teams that will be mobilized. “I can assure you we will respond with every asset that we have available as soon as its safe to do so,” Kemp said.

WATCH: Traffic cameras show storm surge crashing into bridge along Florida coast

Sep. 26, 2024 4:30 PM PDT

Storm surge crashes into the Matlacha Bridge in Lee County, Florida, ahead of Helene along the Florida coast on Sept. 26.

A dramatic video captured on September 26  shows powerful storm surge from Hurricane Helene crashing into the Matlacha Bridge in Lee County, Florida.  

This traffic camera footage underscores  the life-threatening danger posed by Helene’s storm surge along the Florida coast.  Residents in the affected areas are urged to heed evacuation orders and take immediate precautions.  The storm surge, which could reach heights of 15-20 feet in some locations at landfall , has the potential to cause catastrophic flooding and widespread property damage.

This same area was pounded by storm surge when Hurricane Ian made landfall almost exactly two years ago on Sept. 28, 2022, near the Barriers islands, including Sanibel, Captiva, and Pine islands. These islands were cut off from the rest of the state when roads connecting them to the mainland—including the Matlacha Bridge—were damaged or destroyed and submerged.

Record river crests expected in western North Carolina

By Jesse Ferrell, AccuWeather meteorologist and digital producer

Sep. 26, 2024 4:05 PM PDT

The mountains of southwest North Carolina, which have already seen more than 10 inches of rain ahead of Hurricane Helene, could get that much more before the storm is over.  Three river gauges are expected to break their all-time highest crests:  the French Broad River at Blantyre and Fletcher, North Carolina, and the Swannanoa River at Biltmore.

AccuWeather meteorologists warn that Hurricane Helene will be a "once-in-a-generation storm" because of the  catastrophic flooding it will bring to the southern Appalachians .

The National Weather Service is forecasting the French Broad River at Fletcher, south of Asheville, to break its all-time record by over 10 feet , rising to over 30 feet. The record was during Hurricane Frances in 2004, when the gauge rose to 20.13 feet on Sept. 8, 2004. Records for this station go back to 2002.

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Power outages spike in Florida

Sep. 26, 2024 3:31 PM PDT

At 4 p.m. EDT Thursday, more than 150,000 customers in the Southeast were without power due to Hurricane Helene's heavy rain and high winds. Florida accounted for 115,000 outages, up from only 10,000 at 5 a.m., according to  PowerOutage.US .

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Miami-Dade, Collier, and Sarasota counties made up 50,000 of the state's outages.  Helene has spread high winds over the entire state, causing scattered reports of downed trees and powerlines.

Hurricane Helene strengthens to Category 3, on track to become Category 4 at landfall

Sep. 26, 2024 2:45 PM PDT

Hurricane Helene on satellite on the afternoon of Sept. 26, 2024.

Hurricane Helene has intensified significantly, reaching Category 3 status as it churns through the Gulf of Mexico. Meteorologists have been closely monitoring its development, noting that the storm's sustained winds have now surpassed 120 mph.

Helene will continue to gain strength due to favorable conditions, including warm sea surface temperatures and low wind shear, AccuWeather experts say .

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As it approaches the coast, Helene is likely to escalate to a Category 4 hurricane by the time it makes landfall near the city of St. Marks between 10:00 p.m. and 11:00 p.m. Thursday night. This escalation poses a serious threat to coastal communities, prompting officials to issue mandatory evacuations and warnings to prepare for emergency response measures.

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Because of the shape of the coast around Apalachee Bay, Florida, which can trap excess water, and the forecast intensity and track of Helene, AccuWeather meteorologists anticipate a storm surge up to the height of a two-story building, or 15-20 feet, Thursday night. At this height, some single-story buildings along the coast may be completely underwater.

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“There is increasing confidence of catastrophic and potentially unsurvivable storm surge for Apalachee Bay,”  the  NWS said . A significant and dangerous storm surge will extend well to the south and east of where the eye comes ashore.

Conditions begin to deteriorate in Sarasota, Florida

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Conditions at Nora Patterson Park in Sarasota, FL, as of 1:00 p.m. Thursday, Sept. 26. (Photo credit: Sarasota County Government)

Officials said conditions along the coastal areas near Sarasota, about 60 miles from Tampa on Florida’s Gulf Coast, were beginning to deteriorate  early Thursday afternoon .

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Conditions at Nora Patterson Park in Sarasota, FL, as of 1:00 p.m. Thursday, Sept. 26. Conditions at Nora Patterson Park in Sarasota, FL, as of 1:00 p.m. Thursday, Sept. 26. (Photo credit: Sarasota County Government)

The Sarasota County Sheriff’s Office posted  photos on social media showing water lapping over a road at Nora Patterson Park, which is on the northern tip of Siesta Key,  a long with a caption reading, “A reminder that  coastal areas are already experiencing flooding and conditions are expected to continue to deteriorate  due to Hurricane Helene. Turn around, don’t drown .”

“If I wasn’t the sheriff I’d be evacuating, you can believe that”

Sep. 26, 2024 2:08 PM PDT

AccuWeather forecasters advise th at Hurricane Helene will likely make landfall as a dangerous Category 4 storm near the city of Apalachicola and the communities along the shores of Apalachee Bay in Franklin County, Florida.

Gulf and Franklin County are issuing mandatory evacuation orders due to the track and intensity of Hurricane Helene  with  Franklin County Emergency Management Officials  issuing a mandatory evacuation for all barrier islands (St. George Island, Dog Island, Bald Point, and Alligator Point), low-lying and flood-prone areas, especially along the coast and rivers, mobile homes, and RV parks.

Gulf County Emergency Management Officials  have issued mandatory evacuations for all visitors to Indian Pass, Cape San Blas, and Simmons Bayou and for all recreational vehicles (RVs) in these areas. A mandatory evacuation was also issued for Highland View, Wind Mark, St. Joe Beach, Beacon Hill, and the City of Port St. Joe from the bay to Garrison Avenue.

AccuWeather foreasters say that  a t landfall on Thursday evening - between 10 p.m. and 11 p.m. EDT - Helene will have maximum sustained winds of 130-135 mph , with much stronger gusts to at least 150 mph. Storm surge of 15 - 20 feet is also expected.  “There is increasing confidence of catastrophic and potentially unsurvivable storm surge for Apalachee Bay,”  the  NWS said .

The last bus transporting people to a shelter left the Franklin County Sheriff’s Department at 1:45 p.m. EDT.

Franklin County Sheriff A.J. “Tony” Smith said they also transported inmates to a safer location and urged all residents to evacuate. “If I wasn’t the sheriff I’d be evacuating, you can believe that, because this is not going to be fun…A Cat 4 hurricane is catastrophic, not to mention a 20-foot tidal surge, which I don’t think we’ve seen here in a long time,” Franklin County Sheriff A.J. “Tony” Smith said on Facebook.

Franklin County Florida Emergency Management said that for hurricane questions related to health in Franklin County, the patient should call  (850) 653-2111  (and press 2 when prompted). In Gulf County, please call  (850) 227-1276  (and press 2 when prompted)

Florida State campus bracing for Hurricane Helene

Sep. 26, 2024 1:40 PM PDT

Storm chaser Aaron Jayjack reports students at Florida State in Tallahassee have taken shelter at the conference center on campus while others with available transportation have evacuated.

As many as 40 million people , including students across Florida, are facing the impacts of Hurricane Helene . Storm chaser Aaron Jayjack reports  students at Florida State in Tallahassee have taken shelter at the conference center on campus while others with available transportation have evacuated.  “It’s going to pretty much be a stay-indoors-all-day type of day with all this rain and things are only going to get worse.”

In a statement, the university said Florida State University  residence hall students remaining on campus will shelter-in-place during Helene inside the university’s Augustus B. Turnbull Conference Center , which was upgraded to withstand extreme conditions.

“People have got their bags, their suitcases packed, expecting multiple days having to stay here at this shelter because they’re not going to release the students here until the all clear is given and that may be several days as they try to clean up the roadways here and get things cleared,” Jayjack said.

Students living off-campus should follow the direction of local emergency management officials.  The university advises all students and parents to continue to check  alerts.fsu.edu  and the  SeminoleSAFE mobile app  for updates.

“I think we have a rapidly strengthening storm at this time.”

AccuWeather’s Alex DaSilva says Hurricane Helene will continue to strengthen leading up to landfall in Florida tonight. The storm could grow to as high as a Category 4 as people are urged to evacuate.

Warm water is fuel for hurricanes , and this season the ocean temperatures across the Atlantic have been in record territory. As tropical storms and hurricanes pass over warm surface waters, the wave action produced by strong winds blowing on the ocean creates massive waves and upwelling, where water from the depths mixes with the surface.

Most of the time, this leads to the colder, deeper water cooling the surface water, causing the intensity of a slow-moving hurricane to level off or weaken. But if the warm water reaches down deep, the less impact upwelling will have in slowing the storm. This deep, warm water can greatly increase the chances of  rapid intensification .

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In Helene’s case AccuWeather’s Lead Hurricane Expert Alex DaSilva says Hurricane Helene will continue to strengthen leading up to landfall in Florida late tonight. “This is the ocean heat content (OHC), essentially the depth of that warm water…Very deep, very warm water, so I think that’s why over the next 6 to 12 hours we could really see this thing ramp off prior to landfall.

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Rapid intensification refers to a process when tropical storms and hurricanes quickly become stronger. Specifically, it means a storm’s wind speed increases by at least 35 mph within 24 hours. This phenomenon can cause a tropical storm to escalate into a hurricane or a hurricane to jump one or more categories in less than a day.

AccuWeather forecasters say  the monster storm is likely to make landfall near Apalachicola in Florida’s Big Bend area around 10 p.m. EDT or slightly later.

Are Florida airports open?

Sep. 26, 2024 12:13 PM PDT

Flooding and power outages have already been reported before Hurricane Helene makes landfall in Florida later tonight, prompting local officials to urge residents to evacuate.

Even before making landfall, the weather was causing  chaos for travelers heading to and from Florida . Over 1,000 U.S. flights are cancelled Thursday due to Helene, according to  FlightAware,com , with nearly half of those at Tampa International Airport.

Tallahassee International Airport  is closed  on Thursday, Sept. 26. Officials said they will be closed to the public until damage assessments are completed after the hurricane.

Tampa International Airport  is closed  on Thursday, Sept. 26. Officials said they will be closed to the public until damage assessments are completed after the hurricane.

St. Pete–Clearwater International Airport  is closed  on Thursday, Sept. 26. Officials said they will be closed to the public until damage assessments are completed after the hurricane.

Southwest Florida International Airport  near Fort Myers is open but notes the following airlines have canceled flights on Thursday and advises travelers to check with their airlines: Air Canada, American, Breeze, Frontier, JetBlue, Southwest, Spirit, Sun Country, United and WestJet have cancelled flight operations today

Miami International Airport  remains open and operational and advises travelers to check with airlines for flight status.

Northwest Florida Beaches International Airport  near Panama City Beach is open but advises travelers to check with airlines for flight status.

Orlando International Airport  remains open and operational and also advises travelers to check with airlines for flight status.

Jacksonville International Airport  is currently open and operational. They advise travelers to check with their airlines for the latest flight information.

The Department of Transportation requires all airlines to offer customers a refund if their flights are canceled for any reason . Customers may be entitled to additional compensation if a cancellation is within the airline’s control. Weather is outside their control.

According to the  DOT's consumer dashboard , if Alaska, American, Delta, Hawaiian, JetBlue or United cancel a flight for controllable reasons, they’re committed to:

Rebooking passengers on the same airline or a partner airline at no extra cost

Providing a meal or cash or a voucher for a meal when the cancellation results in a passenger waiting at least 3 hours for a new flight

Providing complimentary hotel accommodations for any passenger affected by an overnight cancellation

Providing complimentary ground transportation to and from a hotel for any passenger affected by an overnight cancellation

Allegiant, Southwest, and Spirit will do all of the above, except they do not rebook customers on partner airlines.

What if my flight is delayed?

Federal laws do not require airlines to compensate travelers for delayed flights , but carriers have committed to various degrees of compensation for significant delays within their control. Each airline defines significant delays differently, and weather does not count.

Helene vs. Beryl: How the 2 storms compare

Sep. 26, 2024 11:54 AM PDT

On Wednesday afternoon,  Hurricane Helene tracked over the same area of the Gulf of Mexico where Hurricane Beryl was on July 5 . When the snapshots of the storms were taken by weather satellites, they had similar winds around Category 1 strength. However,  Helene was significantly larger, and it was just starting to ramp up.

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When Beryl crashed into Texas several days later as a Category 1 storm, its  winds knocked out power to more than 2 million across the Houston area with some outages lasting more than a week .  Helene is predicted to be much stronger  when it makes landfall in Florida and plows inland over Georgia. “Helene is a very dangerous hurricane and could become a  ‘once-in-a-generation storm’  across western South Carolina and North Carolina, as well as northern and eastern Georgia,” AccuWeather Senior Director of Forecasting Operations Dan DePodwin stated.  Due to the intense winds and abundance of trees in this part of the Southeast, extensive, long-lasting power outages are likely in the hardest-hit areas.

Heavy rain, flooding precedes Helene through Georgia and the Carolinas

Sep. 26, 2024 11:16 AM PDT

Rainfall amounts as of Thursday morning, ahead of Hurricane Helene, as the storm feeds moisture into a cold front over the Southeast.

Rainfall amounts as of Thursday morning, ahead of Hurricane Helene, as the storm feeds moisture into a cold front over the Southeast.

Rainfall totals have already exceeded 7 inches in parts of Florida and Georgia and 9 inches in the North Carolina mountains.  North Carolina Department of Transportation cameras in Hendersonville, 20 miles southeast of Asheville, showed  water covering roads Thursday morning.  This rainfall is associated with a cold front in the Southeast U.S.  Helene will  continue to add to this heavy rainfall to these areas through Friday night , causing life-threatening flooding from the "once-in-a-generation" storm.  

Flooding in Hendersonville, NC ahead of Hurricane Helene on Thursday morning, Sept. 26, 2024. (NC DOT)

Flooding in Hendersonville, NC ahead of Hurricane Helene on Thursday morning, Sept. 26, 2024. (NC DOT)

“We’re all scared”: Leon County residents flee before Hurricane Helene

Sep. 26, 2024 11:09 AM PDT

With damage remaining from recent tornadoes in Leon County, Florida, combined with a mandatory evacuation order for Helene, many residents are scared of what will happen to their homes when Helene’s Category 4 winds roar ashore.

Tallahassee resident Destiny Campbell told AccuWeather’s Ali Reid the tornado damage was something she’d never seen before. “…It just destroyed here and it was very scary. We’re all scared.  Most of the trees you can see around my house, they’re all damaged from the tornado that just happened not so long ago so it’s definitely something to think about .”

With damage remaining from recent tornadoes in Leon County, Florida, combined with a mandatory evacuation order for Helene, many residents are scared of what will happen to their homes.

Winds of 39 to 46 miles per hour are strong enough to break twigs and small branches, according to the  Beaufort Wind Scale . Stronger winds 47 to 54 miles per hour could cause damage to chimney covers, roofing tiles, small twigs and broken branches are also likely.  Typical wind speeds that can be strong enough to knock over a vulnerable tree are between 55 and 63 miles per hour .  Damaging winds from violent storms can uproot even the healthiest trees and cause widespread damage to structures, as some of these winds could be upwards of 100 miles per hour.

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Wind isn’t the only factor to take into account,  according to Daniel Coy, Urban and Community Forestry for Maryland’s Department of Natural Resources.  Several variables, including the health of the tree, proximity to other trees, even whether or not the trees have leaves on them are also factored into tree damage during a hurricane.

Florida man who moved after Hurricane Ian is now in path of Helene

By Brian Lada, Meteorologist and Senior Content Editor

Sep. 26, 2024 10:37 AM PDT

As Floridians frantically filled sandbags on Wednesday, Storm Chaser Mike Scantlin met Tyler Shore, who was in a unique situation.  In 2022, Shore lived in Fort Myers, Florida, which was ground zero for Hurricane Ian . After the storm,  Shore decided to move to Tallahassee, which is now directly in the path of Hurricane Helene.

“We had a tornado here in May,” Shore recalled. “ Just to see how much a tornado can do in such little time, I’m really scared to image what a [sic] Category 3 plus hurricane can do here .” Shore added that his biggest fear is all of the trees amid winds over 100 mph, and he is planning to evacuate to a safer area before the worst of Helene arrives. Watch the full interview below:

Tyler Shore moved away from Fort Myers after witnessing the destruction of Hurricane Ian in 2022, finding what he thought was a safer spot in Tallahassee, but now finds himself preparing for Helene.

Storm surge from Helene already affecting Florida coast

Sep. 26, 2024 10:09 AM PDT

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Helen's storm surge has risen to as high as 2.5 feet above normal on the Florida Coast, c ausing flooding in many beach towns Thursday morning , including  Sarasota , Fort Myers, and  Clearwater Beach . Hurricane Helene's storm surge will continue to increase as she moves towards  landfall tonight at 10 p.m. EDIT as a Category 4 hurricane .

Storm surge from Hurricane Helene, as reported by tidal gauges on the morning of Sept. 26, 2024. (NOAA)

Storm surge from Hurricane Helene, as reported by tidal gauges on the morning of Sept. 26, 2024. (NOAA)

AccuWeather team coverage of Hurricane Helene landfall

Sep. 26, 2024 10:00 AM PDT

AccuWeather’s Tony Laubach reported live from Tallahassee on the evening of Sept. 25 as heavy rain began falling and time began running out for preparations for Hurricane Helene.

AccuWeather is providing  extensive, on-the-ground coverage of Helene’s landfall  with a dedicated team of expert meteorologists, reporters, and storm chasers strategically positioned across the Gulf Coast.

Our team is working around the clock to deliver  real-time updates, in-depth analysis, and the latest storm developments.  From the initial impact to the aftermath, AccuWeather’s comprehensive reporting ensures you stay informed and prepared during this critical weather event.

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Click here  for the latest Florida evacuation orders including a list and a map.

Click here  to read the forecast: Hurricane Helene to roar ashore in Florida’s Big Bend as a Category 4.

Storm chasers in position with Helene around 12 hours from landfall

Sep. 26, 2024 9:28 AM PDT

AccuWeather National Reporter Bill Wadell is in  Apalachicola, Florida, near where Helene is projected to make landfall  as a life-threatening Category 4 storm. “ It was a mad dash in the rain yesterday to get sand bags filled up, ” Wadell said. To make matters worse, the weather didn’t cooperate on Wednesday, with  thunder, lightning and a flash flood warning , which slowed down last-minute preparations.

Some residents told Wadell that they are evacuating, while others said they were hunkering down to ride out the storm. “ We do expect to see more people packing up and leaving here later today ,” Wadell added. There are still a few hours for people to evacuate, but time is quickly running out.

Officials are urging holdouts in coastal areas and barrier islands in the Big Bend region of #Florida to get out now. #Hurricane #Helene will blast the region with life-threatening storm surge and destructive winds. Authorities say you're on your own if you stay behind #FLwx … pic.twitter.com/XfcfnfTHfQ — Bill Wadell (@BillWadell) September 26, 2024

Tallahassee braces for 100 mph winds, nearly 1 foot of rain

Sep. 26, 2024 8:47 AM PDT

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Rain has already begun in Tallahassee, Florida, but conditions will rapidly worsen as Helene’s center moves northward.  The most severe conditions in Tallahassee are expected between 7 p.m. Thursday and 3 a.m. Friday, with wind gusts potentially reaching up to 120 mph . Such strong winds can damage structures and cause widespread power outages. Additionally, Helene could bring up to a foot of rain, nearly three times the average rainfall for the entire month of September.  The window for evacuation is closing, and those planning to stay should ensure all preparations are completed by midday.

Helene strengthens into Category 2 with winds of 100 mph

Sep. 26, 2024 8:10 AM PDT

Hurricane Helene on satellite on the morning of Sept. 26, 2024.

Hurricane Helene is intensifying as it barrels toward Florida  with maximum winds rising to 100 mph, making it a Category 2 storm. AccuWeather meteorologists expect Helene to grow even stronger throughout the day, e ventually becoming a major Category 4 hurricane .  At landfall along the Florida Panhandle on Thursday evening - between 9 p.m. and 11 p.m. EDT - Helene will have maximum sustained winds of 130-135 mph , with much stronger gusts to at least 150 mph.

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As Helene moves inland over Georgia and into the Carolinas,  hurricane-force winds are expected to cause widespread power outages . Additionally, 8 to 12 inches of rain could fall over the mountains of North Carolina, South Carolina, and northern Georgia, leading to significant flooding.

“ Helene is a very dangerous hurricane and could become a  ‘once-in-a-generation storm’  across western South Carolina and North Carolina, as well as northern and eastern Georgia, ” AccuWeather Senior Director of Forecasting Operations Dan DePodwin said. “ Helene could cause a flooding disaster  in some areas of the southeastern United States, especially in northern Georgia, upstate South Carolina and western North Carolina,” AccuWeather Chief Meteorologist Jonathan Porter added. “ Some communities may be cut off with  no way to enter or exit for days if there is damage to infrastructure  such as bridges and roadways .”

NASA delays launching new astronauts to ISS due to Helene

Sep. 25, 2024 7:52 PM PDT

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SpaceX’s Falcon 9 rocket, with the Dragon spacecraft atop, is vertical at the launch pad of Space Launch Complex-40 at Cape Canaveral Space Force Station in Florida on Tuesday, Sept. 24, 2024, ahead of NASA’s SpaceX Crew-9 launch to the International Space Station. (NASA/SpaceX)

Deteriorating conditions from  Hurricane Helene is forcing NASA and SpaceX to delay the next crewed launch to the International Space Station . The Crew-9 mission was slated to blast off on Thursday, but the launch has been postponed to Saturday due to Helene. “ [T]he storm system is large enough that high winds and heavy rain are expected in the Cape Canaveral and Merritt Island regions on Florida’s east coast ,” NASA said in a press release.

The Crew-9 mission will launch NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov to the International Space Station on a five-month mission.  The pair will join NASA astronauts Butch Wilmore and Suni Williams, who arrived at the station in June on the  Boeing Starliner , but stayed in space when the spacecraft returned to Earth earlier in September.  All four astronauts will return to Earth early next year in the SpaceX Dragon capsule .

With Helene approaching, Mets-Braves baseball games postponed

Sep. 25, 2024 6:45 PM PDT

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New York Mets' Yoenis Cespedes reacts after striking out against Boston Red Sox relief pitcher Marcus Walden in the sixth inning of a baseball game, Wednesday, July 29, 2020, in New York. (AP Photo/John Minchillo)

A late season MLB matchup between the New York Mets and the Atlanta Braves on Wednesday and Thursday, will be postponed to next week in advance of Helene.

The storm will first make landfall in Florida before moving inland towards Georgia and the Carolinas.  AccuWeather meteorologists are predicting widespread heavy rainfall and flash flooding across the Carolinas and Georgia.

As for the Mets and Braves, the postponed games Wednesday and Thursday will be made up on Monday as a doubleheader in Atlanta

Hurricane Helene scrapes by the Yucatan

Sep. 25, 2024 5:43 PM PDT

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Flooding submerged cars and streets in Cancun  on Mexico's Yucatan Peninsula Wednesday afternoon after  Hurricane Helene passed within 60 miles of the city,  dropping 5 to 6 inches of rain. High winds also battered the coastal city and an island offshore, where a 69 mph wind gust was measured.

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South Carolina’s governor declares state of emergency

Sep. 25, 2024 4:59 PM PDT

While Helene will make landfall as a major hurricane in Florida, other states are also preparing for the storm including Georgia, where Atlanta is bracing or flooding and high winds. South Carolina is also a state that will be impacted. Earlier today, Governor Henry McMaster declared a state of emergency. While he says that South Carolina will luckily avoid the brunt of Helene, there is still a very real risk of flooding, high winds and isolated tornadoes.

I've declared a State of Emergency to prepare for Hurricane Helene's potential impacts. We will likely avoid the brunt of this storm, but it is still expected to bring flooding, high winds, and isolated tornadoes. Take proper precautions and monitor local forecasts. Read more: — Gov. Henry McMaster (@henrymcmaster) September 25, 2024

AccuWeather meteorologists are predicting widespread heavy rainfall and flash flooding across the Carolinas and Georgia. "Helene is a very dangerous hurricane and could become a 'once-in-a-generation storm' across western South Carolina and North Carolina, as well as northern and eastern Georgia," said Dan DePodwin, AccuWeather Senior Director of Forecasting Operations.

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Because of the elevated and rugged terrain, there's also the opportunity for landslides in the mountains.

Tampa Bay region expecting significant damage from Helene

Sep. 25, 2024 4:27 PM PDT

Up to 40 million people are expected to be impacted by Hurricane Helene when the storm makes landfall on Sept. 26. Leslie Hudson reports from Tampa where a hospital is ramping up storm preparations.

AccuWeather's Leslie Hudson reported from Tampa General Hospital which is ramping up storm preparations. Tree and wind damage is expected to bring extensive power outages to Tampa when the storm arrives in earnest tomorrow.

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In order to prepare, Hudson says, Tampa General is making use of aquafences to help mitigate damage around the perimeter as operations continue through Helene. "This is the forth year the hospital has used the aquafence," Hudson said. "It has worked very successfully for them... they were the first hospital in the country to use this aquafence."

Dustin Pasteur, VP of Facilities and Construction at Tampa General explained to Hudson that these fences are built to withstand up to 130 mph winds and are nine feet tall.

Last year with Idalia, Hudson says the area around the hospital got a storm surge of around 4-7 feet.  Helene is expected to bring 5-8 feet of storm surge or higher, leaning to concerns about flooding.

Tampa Intl. Airport to close Thursday

Sep. 25, 2024 3:05 PM PDT

One of Florida’s largest airports is preparing to close  as Hurricane Helene approaches the state.  Tampa International Airport announced it will suspend all operations  for commercial and cargo flights starting at 2 a.m. EDT on Thursday. “The airport and its partners will use the time before the suspension to prepare the airfield and terminals, securing jet bridges, ground equipment, and any remaining aircraft before the storm arrives on Thursday,” the airport stated on its website.

🚨 TPA TO SUSPEND OPERATIONS DUE TO HELENE 🚨 🫡 We will close to the public at 2 a.m. Thursday and reopen when safe to do so ✈️ Check directly with your airline for flight updates ⛈️ TPA is not a shelter 📲 Stay tuned to our social media for the latest 1/2 pic.twitter.com/6MSfKhaJNj — Tampa International Airport ✈️ (@FlyTPA) September 25, 2024

The airport plans to reopen on Friday after assessing the damage from Helene , though an exact time has not yet been announced. Travelers with plans to fly into or out of any airport in the southeastern United States in the coming days should check their flight status, as  the widespread impacts of Helene may cause ongoing delays and cancellations.

Tropical storm conditions expected in Atlanta

Sep. 25, 2024 2:19 PM PDT

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Atlanta will not be far enough inland to escape impacts from Helene  as the storm moves north through Georgia.AccuWeather meteorologists say the worst conditions  will arrive at 10 p.m. EDT Thursday and last through 11 a.m. Friday . Wind gusts will range from 50 to 70 mph, with 8 to 12 inches of rainfall causing flash flooding.

Regional power outages are expected and there is also a tornado risk. Flight cancellations will increase leading up to Friday and could have a ripple effect across the airline industry as Atlanta is one of the biggest travel hubs across the United States.

More evacuation orders issued across Florida

By Monica Danielle, AccuWeather Managing Editor

Sep. 25, 2024 1:15 PM PDT

Jane Castor, mayor of Tampa, Florida, shares the evacuation orders she’s issued among other preparations as the city braces for the impacts of Hurricane Helene this Thursday, Sept. 26.

" The time to evacuate is now ," Kevin Guthrie, Executive Director of the Florida Division of Emergency Management said at a press conference with Florida Gov. DeSantis Wednesday afternoon. “ If you are ordered to evacuate, please do so . The time to put your disaster plan into action is now. Make those final plans, make sure you’ve got stuff for the kids, pets, and seniors in your household.”

Tampa Bay Mayor Jane Castor told AccuWeather her top priority is making sure people know what’s coming and are prepared. “We as a municipality have prepared as we do every year, always hoping for the best but preparing for the worst.”

Pinellas County  ordered a  mandatory evacuation of long-term healthcare facilities, including nursing homes, assisted living centers and hospitals in zone A.  The county sits on a peninsula surrounded by Tampa Bay and the Gulf of Mexico.

“We’ve changed this philosophy over the past few years, you know, you don’t have to go to another state, just go to higher ground, again, hiding from the wind and running from the water…As I alway say, you get in a confrontation with Mother Nature, Mother Nature wins 100% of the time so be prepared and heed the warnings,” Mayor Castor said.

Click here  for the latest Florida evacuation orders, which include a list and a map.

Increasing risk of significant and long-lasting power outages

Sep. 25, 2024 12:56 PM PDT

Melissa Seixas of Duke Energy Florida shares how her team is preparing to respond to widespread power outages, which is expected when Helene makes landfall over the state on Thursday as a hurricane.

At a press conference at TECO Energy in Tampa, which serves nearly a million customers in West Central Florida, Florida  Gov. DeSantis urged people to prepare for extensive power outages . “It is anticipated that there is going to be power outages. So folks have an opportunity to plan for that.  Now you still have time to make the preparations and put your plan in place today. But that time is running out.  This storm, I think, as you know, is, basically in the area of Cuba and the Yucatan Peninsula. It’s it’s moving past that, and then it’s going to have pretty much a clear runway in the Gulf of Mexico.”

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AccuWeather hurricane expert Dan DePodwin said  Hurricane Helene will bring widespread inland wind damage that can cause power outages that last days to perhaps weeks , adding there is an increasing risk of significant power outages and flooding in the Atlanta metro area. “ Helene is a very dangerous storm and may be a ‘once-in-a-generation storm’ for some  across western South Carolina and North Carolina along with northern and eastern Georgia.”

‘The town’s surrounded by water’: Bill Wadell reports from coastal town in path of Helene

Sep. 25, 2024 11:39 AM PDT

It was a beautiful morning in Apalachicola, Florida, on Wednesday with  a colorful sunrise and a calm ocean . But all of that will change in the next 36 hours as Helene bears down and makes landfall near the coastal city. “ There is the potential for a lot of homes and a lot of businesses to flood here in Apalachicola ,” AccuWeather National Reporter Bill Wadell said. “ The town’s surrounded by water . You’ve got the river, creeks and the bay all flowing out to the Gulf of Mexico.” Watch Wadell’s full interview from Apalachicola below:

A lot of families are deciding this morning if they'll follow evacuation orders along the coast or if they will hunker down and ride out #Helene . Locals we've been talking with in #Apalachicola so far are split. Storm surge and powerful winds are a major concern. @accuweather pic.twitter.com/gDfsfi24HD — Bill Wadell (@BillWadell) September 25, 2024

Helene becomes Category 1 hurricane, expected to become stronger

Sep. 25, 2024 11:00 AM PDT

Hurricane Helene is growing and strengthening as it starts to track from the Caribbean sea to the Gulf of Mexico,  becoming a Category 1 storm at 11 a.m. EDT Wednesday . It will continue to strengthen, likely to intensify into a Category 2 by Wednesday evening with maximum sustained winds of at least 96 mph. “ It even has a shot to become a Category 4 hurricane before landfall, ” AccuWeather Lead Hurricane Expert Alex DaSilva added.  The hurricane is so large that it will have impacts far beyond where it makes landfall, including all of the Florida Peninsula.

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The AccuWeather RealImpact™ Scale for Hurricanes has been increased to a 4 for Helene.  The change from a 3 to a 4 was made due to the significant risk of catastrophic inland flooding, widespread power outage risk, and to amplify the message that Helene is an extremely dangerous storm. AccuWeather’s RealImpact Scale is a  comprehensive scale that captures every aspect of a hurricane, including winds, flood potential, storm surge and economic damage & loss . In comparison,  the Saffir-Simpson scale only accounts for maximum wind speed to determine the category of a storm.

How Helene will affect Disney World, Universal Orlando, Legoland Florida and SeaWorld

Sep. 25, 2024 10:30 AM PDT

While hoping for the best, many people along the Florida Panhandle were preparing for the worst on Sept. 24, bracing for impact from Helene.

Although Helene is not moving directly toward Central Florida, its outer bands will reach the region by Wednesday evening, bringing heavy rain and strong winds.

As Helene approaches landfall in Florida, Disney World said it will remain open. “We are closely monitoring the path of the storm as we continue to prioritize the safety of our Guests and Cast Members,” the park said in a statement. While the park will be open on Thursday, its miniature golf courses and the Typhoon Lagoon water park will be closed. The theme park resort also said its Mickey’s Not-So-Scary Halloween Party was canceled for Thursday.

“We are closely monitoring the projected path of Hurricane Helene as we continue to prioritize the safety of our guests and cast members,” Disney said in a statement.

The park has a hurricane policy allowing visitors to reschedule or cancel.

“If a hurricane warning is issued by the National Hurricane Center for the Orlando area — or for your place of residence—within 7 days of your scheduled arrival date, you may reschedule or cancel your Walt Disney Travel Company Disney Resort hotel packages and most room-only reservations (booked directly with Disney) without any cancellation or change fees imposed by Disney. Most room-only and vacation packages can be modified, or canceled online, including changes to travel dates.”

This policy also applies to Disney’s Vero Beach Resort  in the event a hurricane warning is issued for those destinations.

For more information on Walt Disney’s policy,  click here.

Universal Orlando Resort said it will also remain open but the park is closely monitoring the weather.

Update from Universal Orlando Resort. For more information and FAQs, visit https://t.co/dJefHSZEYy pic.twitter.com/GxdRRjXlEM — Universal Orlando Resort (@UniversalORL) September 24, 2024

For more information on Universal Orlando’s severe weather policy,  click here .

SeaWorld Orlando and Busch Gardens Tampa Bay both offer a “ Weather-or-Not Assurance ” policy.

If extreme weather impacts their experience in the park or impacts their flight plans for an upcoming visit, SeaWorld invites them back within 12 months – at no extra charge for park admission.

Click here  for more information on SeaWorld’s inclement weather policy.  Click here  for more information on Busch Garden’s policy.

Legoland Florida is open  but also has a hurricane policy. For more information on Legoland Florida’s hurricane policy,  click here .

Where will Helene make landfall?

Sep. 25, 2024 9:41 AM PDT

Helene is forecast to become a  major Category 3 hurricane in the Gulf of Mexico before making landfall in Florida . AccuWeather meteorologists predict that the eye of the storm will strike an area  between Mexico Beach and Horseshoe Beach, Florida . This an area that has been hit by several hurricanes in recent years, including Category 5 Hurricane Michael in 2018 and Category 4 Hurricane Idalia in 2023. As Helene moves inland,  the eye of the storm could approach or move directly over Tallahassee.

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Wednesday will be the last day for residents in this region of Florida to prepare or evacuate ahead of Helene . According to The Associated Press,  President Joe Biden has declared a state of emergency for Florida , which will provide federal resources to assist with last-minute preparations such as distributing food, water, and generators.  Georgia Governor Brian Kemp has also declared a state of emergency in anticipation of Helene’s impacts as it moves inland.

Hurricane warnings issued in Florida

Sep. 25, 2024 8:10 AM PDT

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A satellite image of Tropical Storm Helene early Wednesday morning. (NOAA/GOES-EAST)

More than 3 million people in Florida and Georgia are currently under a hurricane warning  as Helene is expected to make landfall as a dangerous hurricane along the Gulf Coast in less than 48 hours. The warning area extends from Tallahassee through Cedar Key, Florida, and reaches inland into parts of southern Georgia. Additionally,  over 39 million residents, including those in Tampa, Miami, Orlando, and Jacksonville, Florida, are under a tropical storm warning.

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Time is quickly running out for residents to either prepare for the storm or evacuate . Helene is expected to make landfall along the Florida Panhandle late on Thursday, but  rain and wind will begin to affect Florida as early as Wednesday and continue to expand through Wednesday night . Furthermore, a dangerous and life-threatening storm surge is anticipated to escalate as Helene approaches. In some areas north of Tampa to Apalachicola, the  water levels could rise higher than single-story buildings.

Governor DeSantis expands state of emergency to 61 of 67 counties as Helene approaches

Sep. 24, 2024 6:09 PM PDT

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Drone footage of homes along the coast of Florida's Panhandle ahead of Helene. (AccuWeather/Bill Wadell)

On Tuesday, Gov. Ron DeSantis  expanded a declared state of emergency to 61 of Florida's 67 counties with only a handful of counties in Southeast Florida excluded as Helene heads towards the southeastern United States.

Earlier, a state of emergency was declared in Florida for 41 counties.

"I think the fact that this would be forecasted as a major [hurricane] at this point without formation, shows that this has a potential to be a really, really significant storm," DeSantis said during a Tuesday news conference.

In South Florida, Miami-Dade, Broward and Palm Beach Counties are not on the list.

Tallahassee school districts close in advance of Helene

Sep. 24, 2024 5:17 PM PDT

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(iStock / Getty Images Plus)

Leon County School District (Leon Schools), which covers Florida's capital Tallahassee, announced that it would close schools early on Wednesday and also cancel school Thursday and Friday in advance of Helene's landfall.

"I'm not a 'close the schools' guy," Schools Superintendent Rocky Hanna  said at a press conference on Tuesday . "I always want the schools open and I know the burden that puts on our parents."

The school closures come on the heels of Governor Ron DeSantis declaring a state of emergency in more than 60 counties due to the threat of Helene later this week. “Now is the time to make an emergency plan, know your evacuation zone, and be as prepared as possible for the storm,” DeSantis said on Monday afternoon.

On Wednesday, Leon Schools will be closing early to provide support as shelters. Other school districts including Franklin County schools will also be closed Wednesday through Friday.

6 Storms Named Helene preceded this one

Sep. 24, 2024 4:34 PM PDT

The name "Helene" has been used for Atlantic tropical storms six times in the past,  but none of those storms caused enough damage for the name to be retired. Most recently, Tropical Storm Helene 2012 made landfall in Central America and Mexico, but caused little damage.  Tropical Storm Helene 2000 hit the western Florida Panhandle, causing heavy rain in Florida and the Carolinas.

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The first so-named storm, Hurricane Helene 1958 , came very close to landfall on the North Carolina coast at Category 4 strength, doing damage along the southeast coast. Wilmington, North Carolina set a new record wind speed of 135 mph, besting the reading from infamous Hurricane Hazel, that hit as a Category 4 storm just 40 miles southwest four years earlier.  Helene then made landfall on Nova Scotia, Canada, becoming the worst storm to hit in 21 years

AccuWeather team coverage of Helene landfall

Sep. 24, 2024 4:09 PM PDT

AccuWeather’s Bill Wadell is in Panama City Beach, Florida, where the area is expected to be significantly impacted by Helene, which is expected to make landfall in the state as a major hurricane.

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You can also  tune into the AccuWeather Network and AccuWeather NOW for live coverage  featuring hurricane experts and reports from the field. The AccuWeather Network is accessible via cable TV, while  AccuWeather NOW  offers comprehensive live streaming available on  AccuWeather.com , Roku, Zumo, STIRR, LG, and Plex.

Evacuation orders issued in Florida

Sep. 24, 2024 3:07 PM PDT

Mandatory evacuation orders have been issued for parts of Franklin and Gulf Counties , near the area of Florida’s Panhandle where forecasters predict Helene will make landfall as a powerful hurricane. “ Now is the time to make decisions regarding evacuation ,” said the Franklin County Emergency Management. “If you choose to evacuate, please ensure you carry your driver’s license with you.”

The storm surge in these areas could reach nearly 10 feet, which is  almost as tall as some single-story houses  along the coast. “ NOW is the time to check and replenish your disaster supply kits if you have not done so already ,” advised Gulf County Emergency Management. Experts recommend gathering several days’ worth of food and water, as well as  medications, important documents, cash, and extra clothing  when preparing for the storm or ahead of evacuations.

‘Tallahassee will be prepared’: Mayor breaks down city's plans for Helene

Sep. 24, 2024 1:48 PM PDT

Helene is forecast to  make landfall as a major hurricane near Tallahassee, Florida , prompting city officials to act swiftly to ensure everyone is prepared. “ We’re encouraging all our residents, now is the time to take care of business ,” Tallahassee Mayor John Dailey told AccuWeather during an interview on Tuesday morning. “Secure your homes, secure all of your belongings, because once we get into the dangerous areas, we need everyone to stay at home or go somewhere safe.” Dailey also mentioned that they are expecting “ significant power outages ” due to the numerous trees in and around the city, but  officials are already preparing for cleanup and power restoration efforts after Helene has passed . “Tallahassee will be prepared,” he added. Watch the full interview below:

Tallahassee Mayor John Dailey joins AccuWeather to explain how the city is gearing up for the upcoming storm.

Storm surge higher than some homes to cause life-threatening conditions

Sep. 24, 2024 12:32 PM PDT

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Flooding is among the most destructive and deadly aspects of a hurricane , and Helene will pose a significant storm surge risk due to its size and power as it approaches landfall. “ This can be a large hurricane with life-threatening impacts such as storm surge and flooding rain hundreds of miles away from where the storm makes landfall, ” AccuWeather Chief Meteorologist Jonathan Porter said. Storm surge between 1 and 3 feet is expected from the Florida Keys to Mobile, Alabama, but extensive coastal flooding is expected near and to the east of where Helene will make landfall.

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Water will pile up in Tampa Bay, reaching 6 to 10 feet above normal tide levels , but the worst is expected farther north around Florida’s Big Bend. Storm  surge levels may approach 15 feet along a 150-mile swath of the coast  from near Apalachicola through Crystal River. A small area northeast of Apalachicola could experience even higher water levels, with  surges reaching 15-20 feet—higher than most single-story buildings . Experts urge residents in this area to start preparing for the storm now and to heed local officials’ evacuation orders if issued.

Tropical Storm Helene forms, poised to become major hurricane

Sep. 24, 2024 11:00 AM PDT

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This image of the western Caribbean Sea was captured on Tuesday morning, Sept. 24, 2024, shows showers and thunderstorms shortly before organizing into Tropical Storm Helene. (AccuWeather Enhanced RealVue™ Satellite)

A tropical rainstorm in the western Caribbean has strengthened into  Tropical Storm Helene , the eighth storm of the 2024 Atlantic hurricane season. The center of the storm is around 600 miles south of Tampa, but is expected to turn north, track through the gap between Cuba and Mexico’s Yucatan Peninsula and  into the Gulf of Mexico, where it will quickly ramp up into a large hurricane.

Helene will take a similar path to Hurricane Debby, which made landfall in the Big Bend area of Florida on Aug. 5 as a Category 1 hurricane. However,  Helene is forecast to be significantly larger and more powerful than Debby, making it a more dangerous storm . “A long week is on the way here with significant impacts at the coast and well inland,” AccuWeather Chief Meteorologist Jonathan Porter said.

8 million under hurricane watches in Florida

Sep. 24, 2024 9:00 AM PDT

A tropical rainstorm in the western Caribbean is on the verge of intensifying into a major storm, posing a significant risk to the United States. “ The more I look at this scenario for this tropical rainstorm, the more and more concerned I’m getting ,” AccuWeather Lead Hurricane Expert Alex DaSilva said. The rainstorm is expected to rapidly develop into a hurricane as it moves into the Gulf of Mexico. As a result,  hurricane watches have been issued for counties along and near Florida’s west coast , from Tallahassee to just north of Tampa.  More than 8 million people in Florida live in the areas currently under hurricane watches .

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Once the rainstorm organizes and strengthens into a tropical storm, it will be given a name, with  Helene  the next name on the list. To become a tropical storm, it needs to have a well-defined center of circulation and maximum sustained winds between 39 mph and 73 mph. AccuWeather is forecasting the storm to become a major  Category 3 hurricane while tracking across the Gulf of Mexico with winds of at least 111 mph before making landfall in Florida on Thursday.

Louisiana braces for 2nd hurricane in 2 weeks

Sep. 23, 2024 6:00 PM PDT

Just a few weeks removed and recovering from the effects of Hurricane Francine, Louisiana state officials are now preparing for another storm expected to impact the region as a hurricane this week.

“ Southeast Louisiana is recovering from the effects of Hurricane Francine  right now, but in Louisiana we always have to keep an eye on the Gulf,” Scott Adams told AccuWeather in an interview on Monday. Adams is the Special Assistant to the Director of Louisiana’s Governor’s Office of Homeland Security and Emergency Preparedness. “ We’re urging residents to be ready and to have a plan for emergencies ,” he emphasized.

Although AccuWeather is currently forecasting the center of the impending hurricane to make landfall in the Florida Panhandle,  Louisiana may still experience impacts from the storm . Adams encourages residents to visit  GetAGamePlan.org  to access emergency information and prepare for events such as hurricanes.  Now is the time to prepare for the storm  by purchasing food, water, and supplies, filling sandbags, and gathering medications and important documents in case an evacuation is ordered.

State of emergency declared in Florida

Sep. 23, 2024 2:00 PM PDT

On Monday afternoon,  Florida Gov. Ron DeSantis declared a state of emergency  in 41 of the state’s 67 counties due to the threat of a landfalling hurricane later this week. “ Now is the time to make an emergency plan, know your evacuation zone, and be as prepared as possible for the storm ,” DeSantis said on Monday afternoon.  This emergency declaration unlocks additional resources to help residents prepare and allows for improved coordination between local governments and emergency agencies.  Experts recommend people have a disaster plan in place and a  seven day supply of food and water for everyone in their household, including pets.

The hurricane is projected to follow a similar path to  Hurricane Idalia , which made landfall in Florida’s Big Bend last year as a Category 4 storm, and  Hurricane Debby , which struck the same area of the state as a Category 1 storm in August.

The calm before the storm: Florida to begin storm preparations

Sep. 23, 2024 1:00 PM PDT

The Florida Panhandle is on alert for a growing hurricane threat, with the potential for a  major hurricane to make landfall on the region later this week . “It’s a beautiful morning out here at the beach, no signs that there’s trouble out in the tropics bringing some serious impacts here in just a few days,” AccuWeather National Reporter Bill Wadell said while reporting live from Panama City Beach, Florida, on Monday morning. “ We haven’t seen much as far as any storm preparedness today, but that is expected to change in the next 24 hours. ”

Watch Wadell’s full report from Florida below:

Some people along the Florida Panhandle are just starting to hear about a #hurricane threat... others have known for more than a week that trouble has been brewing in the #tropics . Let friends and family along the #Gulf Coast know that it's time to get ready for big impacts!… pic.twitter.com/wBcOPZvFBR — Bill Wadell (@BillWadell) September 23, 2024

Hurricane Hunters fly into tropical rainstorm

Sep. 23, 2024 11:00 AM PDT

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The Hurricane Hunters take off to investigate the tropical rainstorm over the western Caribbean on Monday, Sept. 23, 2024. (U.S. Air Force)

All eyes are on the tropics this week with  a hurricane predicted to make landfall in the United States on Thursday,  and the Hurricane Hunters are preparing for an up-close look at the strengthening tropical system. Since the tropical rainstorm is in its infancy,  the Hurricane Hunters flew a mission on Monday to determine if it had a closed center of circulation, which is essential for classifying it as a tropical depression, tropical storm, or hurricane.  The data collected during the flight will also aid forecasters with future forecasts. Once the rainstorm has a defined center and sustained winds of at least 39 mph, it will be most likely named  Tropical Storm Helene. 

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  8. MakeMyTrip : Q1 2024 Earnings Press Release

    MakeMyTrip : Q1 2024 Earnings Press Release. August 01, 2023 at 06:37 am EDT. MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2024 FIRST QUARTER RESULTS. Gurugram, India and New York, August 1, 2023 - MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its ...

  9. MakeMyTrip Q1 Results: Net profit at $18.6 million, gross ...

    MakeMyTrip Q1 Results: Net profit at $18.6 million, gross booking surges 31% to $2 billion. The company said that demand for both leisure and business travel witnessed strong growth during the ...

  10. PDF Makemytrip Limited Announces Fiscal 2023 First Quarter Results

    Results from Operating Activities improved to a profit of $4.3 million in 1Q23 versus a loss of $19.5 million in 1Q22, ... during the summer holiday season and pent-up demand for leisure travel. While consumer sentiment for travel remains extremely positive, high aviation fuel prices leading to increased air fares continue to impact the ...

  11. PDF Makemytrip Limited Announces Fiscal 2022 First Quarter Results

    travel company, today announced its unaudited interim financial and operating results for its fiscal first quarter ended June 30, 2021. "MakeMyTrip continued to show resilience in navigating its way through the highly challenging environment impacted by the second wave of COVID-19 that hit India during this reported quarter.

  12. MakeMyTrip: Fiscal Q1 Earnings Snapshot

    GURGAON, India (AP) — MakeMyTrip Ltd. (MMYT) on Tuesday reported earnings of $21 million in its fiscal first quarter. The Gurgaon, India-based company said it had profit of 19 cents per share.

  13. MMYT Stock Earnings: MakeMyTrip Beats EPS, Beats Revenue for Q1 2025

    MakeMyTrip (NASDAQ: MMYT) just reported results for the first quarter of 2025. MakeMyTrip reported earnings per share of 39 cents. This was above the analyst estimate for EPS of 28 cents. The ...

  14. MakeMyTrip Q1 Results: Profit Jumps 13% To $21 Mn

    MakeMyTrip Q1 Results: The online travel aggregator's net profit jumped 13.1% year-on-year (YoY) to $21 Mn in the quarter ended June 2024.

  15. MakeMyTrip Limited (MMYT) Q1 2024 Earnings Call Transcript

    MakeMyTrip Limited (NASDAQ: MMYT) Q1 2024 Earnings Conference Call August 1, 2023 7:30 AM ET. Company Participants. Vipul Garg - Vice President-Investor Relations. Rajesh Magow - Co-Founder ...

  16. MakeMyTrip Limited: Earnings Growth And Impressive Balance Sheet

    When looking at the most recent earnings results for MakeMyTrip Limited, we can see that gross bookings for Q1 2024are up on that of Q1 2023 - from over $987 million to over $1.2 billion. Figures ...

  17. MakeMyTrip Limited

    Report of foreign issuer [Rules 13a-16 and 15d-16] Jul 1, 2024. 20-F. Annual and transition report of foreign private issuers [Sections 13 or 15 (d)] Jun 9, 2024. 144. Report of proposed sale of securities. Jun 6, 2024.

  18. MakeMyTrip Limited

    MakeMyTrip Limited to report Fiscal 2024 Third Quarter Financial & Operating Results on January 23, 2024 DOWNLOAD PDF. Contact Us. Investor Relations Vipul Garg (Vice President - Investor Relations) [email protected]. Shareholder Services. Computershare, P.O. Box 505002. Louisville, KY 40233-5002.

  19. MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion

    Global travel service provider MakeMyTrip (MMT) on Tuesday reported a growth of 21.7 per cent on gross bookings year-on-year (Y-o-Y) that reached $2.08 billion — its highest-ever — for the company's fiscal third quarter that ended on December 31.

  20. MakeMyTrip Limited (NASDAQ:MMYT) Q1 2025 Earnings Call Transcript

    Gross booking value for Q1 was more than $2.4 billion, with growth at 22% year-on-year in constant currency terms and the adjusted operating profit was $39.1 million, registering a growth of about ...

  21. Quarterly Results

    Quarterly Results | Trip.com Group Limited

  22. MakeMyTrip Limited

    We empower the traveller with easy & instant travel bookings providing comprehensive choices—from flights, hotels & homestays and holiday packages to cabs, buses and trains. What makes our story even stronger is the performance of our newly launched segments that provide travel solutions to corporates & employees, and our comprehensive travel ...

  23. MakeMyTrip: Fiscal Q1 Earnings Snapshot

    MakeMyTrip: Fiscal Q1 Earnings Snapshot. GURGAON, India (AP) _ MakeMyTrip Ltd. (MMYT) on Wednesday reported a loss of $10.1 million in its fiscal first quarter. On a per-share basis, the Gurgaon, India-based company said it had a loss of 9 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 5 cents per share.

  24. LIVE: Hurricane Helene landfall imminent as powerful ...

    Helene intensified into a Category 4 hurricane and is about to make landfall in Florida. A rare "extreme wind warning" has been issued as power outages surge.

  25. LIVE: Hurricane Helene closing in on Florida landfall as ...

    Helene intensified into a Category 4 hurricane hours before expected landfall in Florida late on Thursday. Storm surge roared ashore across Florida as the monster storm intensified.