New Delhi: Indian airport operators are projected to report 26 percent rise in revenues at USD 3.9 billion in the next financial year, aviation consultancy CAPA India said on Wednesday. For 2023-24, air passenger traffic, including domestic and international, is expected to be 395 million, it said while presenting the outlook for the airports.
Domestic and international airport pax to rise by 2030
Out of the total, domestic air passengers will rise to 320 million from 275 million this fiscal. During this period, the international air passenger count will increase to 75 million from 58 million. “India is going to see domestic airport pax rise for 700 million passengers, and international airport pax for 160 million passengers by FY2030,” CAPA India said.
‘Airports’ revenue to be 26% higher’
CAPA said that Indian airports’ revenue of USD 3.9 billion (Rs 32,390 crore) in the next fiscal will be 26 percent higher than anticipated in 2022-23.
The outlook was presented at the CAPA India aviation summit. Stefano Barconi, Director General of ACI Asia Pacific, said airports’ health was affected significantly amid the pandemic and that air passenger traffic is still in recovery mode. Airports Council International (ACI) Asia Pacific represents more than 600 airports.
News & Image Source : psuwatch.com
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