Indian airport operators are projected to report a 26 per cent rise in revenues at $3.9 billion in FY24, aviation consultancy, CAPA India, said on Wednesday.

For FY24, air passenger traffic, including domestic and international, is expected to be 395 million, it said while presenting the outlook for the airports.

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 forecast to see domestic airport pax rise to 700 million passengers, and international airport pax to 160 million passengers by FY30," CAPA India said.      

Also read
Campbell Wilson, chief executive officer and managing director of Air India Ltd., speaks at CAPA India, in New Delhi, India, on Monday

Air India shopping for loans to finance 470 new aircraft

Satyen Yadav, Chief Technology Officer, Panasonic Avionics Corporation

Panasonic Avionics to set up new design centre in Pune; recruit engineers

IndiGo registered a growth of 13 per cent, Go First saw 10 per cent growth, and Air India registered 9.45 per cent growth compared to the previous schedul

DGCA summer schedule packs 22,907 flights per week from 110 airports

It said Indian airports' revenue of $3.9 billion in FY24 will be 26 per cent higher than anticipated in 2022-23.      

The outlook was presented at the CAPA India Aviation Summit here.       

Also read: India should liberalise air travel: Tim Clark, President of Emirates

Stefano Barconi, Director General of ACI Asia Pacific, said airports' health was affected significantly amid Covid-19 and air passenger traffic is still in recovery mode.      

Airports Council International (ACI) Asia Pacific represents more than 600 airports.

Related Topics
comment COMMENT NOW