Indian airports report loss of ₹70 billion in FY2020: aviation consultancy
The Hindu
Of the total losses, the Airports Authority of India (AAI) accounted for 69% losses and the remainder belonged to airports under public- private partnership
Indian airport operators are estimated to have posted a consolidated loss, before tax, of ₹70 billion in FY2021 compared with a profit of ₹51.6 billion in FY2020, according to aviation consultancy CAPA. Of the total losses, the Airports Authority of India (AAI) accounted for 69% losses and the remainder belonged to airports under public- private partnership (PPP). The combined operating revenue of Indian airports declined by an estimated 64.1% to ₹83.1 billion in FY2021. However, as most airport expenses are fixed, Indian airports saw their operating costs decline by only 13.8%, said CAPA's Indian Airport Outlook report released on Sunday.More Related News