+
Airport sector to see pre-tax profit rise by 35%
AVIATION & AIRPORTS

Airport sector to see pre-tax profit rise by 35%

According to aviation consultant CAPA India, the airport industry is expected to achieve a 35% increase in pre-tax profit for the fiscal year 2025, aided by the continued strong demand for air travel.

According to CAPA Vice President Paramprit Singh Bakshi, pre-tax earnings at airports would increase to Rs 103.7 billion from Rs 76.8 billion last year at the CAPA India aviation summit. The most populated country in the world, India, anticipates having 350 airports by 2030, up from 144 in 2019, based on official statistics and a previous forecast by CAPA India. The state-owned Airports Authority of India (AAI) oversees the majority of the nation's airports. Among the leading private airport operators in the nation are the Adani Group, Fairfax India, and GMR Airports, which manages the busiest airport in the nation, located in New Delhi. Improvements in foreign travel as well as record domestic passenger traffic enabled airports and airlines to post higher earnings for the previous fiscal year.

According to aviation consultant CAPA India, the airport industry is expected to achieve a 35% increase in pre-tax profit for the fiscal year 2025, aided by the continued strong demand for air travel. According to CAPA Vice President Paramprit Singh Bakshi, pre-tax earnings at airports would increase to Rs 103.7 billion from Rs 76.8 billion last year at the CAPA India aviation summit. The most populated country in the world, India, anticipates having 350 airports by 2030, up from 144 in 2019, based on official statistics and a previous forecast by CAPA India. The state-owned Airports Authority of India (AAI) oversees the majority of the nation's airports. Among the leading private airport operators in the nation are the Adani Group, Fairfax India, and GMR Airports, which manages the busiest airport in the nation, located in New Delhi. Improvements in foreign travel as well as record domestic passenger traffic enabled airports and airlines to post higher earnings for the previous fiscal year.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code