The travel industry could be on the path to recovery, with falling crude prices easing pressure on airlines and demand remaining resilient despite continuing uncertainty around the US-Iran conflict, MakeMyTrip group chief executive Rajesh Magow said.
"I don't want to speak too soon, but it seems like now we are on our way to recovery in terms of factors like oil flow," Magow told ET in an interview. "I did not anticipate such a dramatic drop in the prices of Brent crude to below $75 per barrel. Within a week of the announcement of the truce arrangement, the prices dropped. I see that as a very big silver lining."
