AAI's Record Profit: Rs.50 Bn in 2023-24
AVIATION & AIRPORTS

AAI's Record Profit: Rs.50 Bn in 2023-24

The Airports Authority of India (AAI) has achieved a historic milestone by posting its highest-ever profit of ?50 billion in the fiscal year 2023-24. This significant accomplishment underscores the AAI's robust financial performance and effective management strategies amidst challenging economic conditions.

The record-breaking profit reflects the AAI's relentless efforts to enhance operational efficiency, optimise resources, and capitalise on emerging opportunities in the aviation sector. Despite facing various headwinds, including the impact of the COVID-19 pandemic on air travel, the AAI has demonstrated resilience and adaptability in achieving remarkable financial success.

The substantial profit generated by the AAI is expected to have positive implications for the development and expansion of India's aviation infrastructure. It provides a strong financial foundation for undertaking crucial infrastructure projects, modernising existing airports, and enhancing passenger amenities across the country.

The AAI's unprecedented profit also signifies its pivotal role in driving the growth and sustainability of the aviation industry in India. As a key stakeholder in the sector, the AAI plays a crucial role in facilitating air travel, promoting regional connectivity, and supporting economic development nationwide.

Looking ahead, the AAI remains committed to furthering its mission of providing world-class airport infrastructure and services while maintaining profitability and financial stability. With a strong financial performance in 2023-24, the AAI is well-positioned to continue its contribution to the growth and progress of India's aviation sector.

The Airports Authority of India (AAI) has achieved a historic milestone by posting its highest-ever profit of ?50 billion in the fiscal year 2023-24. This significant accomplishment underscores the AAI's robust financial performance and effective management strategies amidst challenging economic conditions. The record-breaking profit reflects the AAI's relentless efforts to enhance operational efficiency, optimise resources, and capitalise on emerging opportunities in the aviation sector. Despite facing various headwinds, including the impact of the COVID-19 pandemic on air travel, the AAI has demonstrated resilience and adaptability in achieving remarkable financial success. The substantial profit generated by the AAI is expected to have positive implications for the development and expansion of India's aviation infrastructure. It provides a strong financial foundation for undertaking crucial infrastructure projects, modernising existing airports, and enhancing passenger amenities across the country. The AAI's unprecedented profit also signifies its pivotal role in driving the growth and sustainability of the aviation industry in India. As a key stakeholder in the sector, the AAI plays a crucial role in facilitating air travel, promoting regional connectivity, and supporting economic development nationwide. Looking ahead, the AAI remains committed to furthering its mission of providing world-class airport infrastructure and services while maintaining profitability and financial stability. With a strong financial performance in 2023-24, the AAI is well-positioned to continue its contribution to the growth and progress of India's aviation sector.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?