AAI forecasts record pre-tax profit in FY24: CMD Sanjeev Kumar

03 Apr 2024 CW Team

The Airports Authority of India (AAI) is anticipated to reach an unprecedented pre-tax profit milestone of Rs 5,000 crore in the fiscal year 2023-24, as stated by Sanjeev Kumar, an IAS officer who serves as the Chairman and Managing Director (CMD) of AAI. This forecast underscores the remarkable financial performance of the organization amidst challenging conditions.

AAI assumes a crucial role in overseeing and developing airports nationwide, contributing significantly to the growth and efficiency of India's aviation sector. Despite facing disruptions caused by the COVID-19 pandemic and other economic challenges, the organization's projected pre-tax profit reflects its effective operational strategies and prudent financial management.

Sanjeev Kumar's declaration emphasizes AAI's dedication to improving profitability and sustainability while fulfilling its mandate to deliver top-tier infrastructure and services in the aviation domain. The attainment of this milestone underscores AAI's resilience and adaptability in navigating uncertainties, further solidifying its position as a pivotal player in India's aviation landscape.

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