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

10 Jun 2024 CW Team

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.

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