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Indian airports’ revenues to rise 26% to $3.9 bn next fiscal year: CAPA

Indian airport operators are projected to report 26 per cent rise in revenues at USD 3.9 billion in the next financial year, aviation consultancy India said on Wednesday.

For 2023-24, 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 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 FY2030,” India said.

It said Indian airports’ revenue of USD 3.9 billion (Rs 32,390 crore) in the next fiscal will be 26 per cent higher than anticipated in 2022-23.

The outlook was presented at the India aviation summit here.

Stefano Barconi, Director General of ACI Asia Pacific, said airports’ health was affected significantly amid the pandemic and that traffic is still in recovery mode.

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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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