Indian airports to return to profitability in FY23: Icra

30 Mar 2022 CW Team

According to rating agency Icra Limited, Indian airports are set to return to profitability in the financial year starting 1 April after two years, driven by the resumption of international commercial operations and increased tariffs.

According to Icra estimates, the passenger traffic in domestic and international flights is expected to increase by 68-70% per year to 317-320 million in the next fiscal.

The domestic passenger traffic is estimated to have an annual growth of 64-66% in FY23 to reach pre-covid levels during the next fiscal year.

According to a report by Icra, with the resumption of international commercial operations after two years of the flight ban because of the Covid-19 pandemic, international traffic is expected to grow 100-105% year-on-year (YoY) in FY23 and recover to pre-Covid-19 pandemic levels in FY24.

It added that, in FY22, passenger traffic is estimated to increase by 62-64% YoY to 187-189 million despite the disruption of the Omicron variant, but supported by a healthy pace of vaccination.

Indian airlines have the approval to operate about 1,466 weekly international departures between 27 March to 29 October.

Image Source

Also read: AAI targets capital outlay of Rs 91k cr in airport sector

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..