• Financial performance: Despite geopolitical headwinds and railway policy changes, Ixigo achieved 34% year-on-year revenue growth and delivered operating leverage, led by a 46% GTV increase in buses and 33% GTV growth in flights.
• Segment diversification: Flight bookings have surpassed trains to become Ixigo's largest business line by GTV, while the bus segment has become the primary contributor to margins, with hotels targeted as the next major growth driver.
• Demand substitution: Strong travel demand alongside elevated airfares has led consumers to substitute flights with bus and train travel, as well as shift from international vacations to domestic trips, favoring Ixigo's core domestic network.
• AI integration: Ixigo launched Ixigo NEXT, an agentic AI interface that automates tasks such as boarding pass check-ins and hotel reconfirmations, and partnered with ChatGPT to enable native travel searches within large language models.