Airports Authority Of India Stories Revenue For First Time Since Covid Pandemic

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Within the monetary years — 2021-22 and 2020-21 — AAI had reported a loss. (Representational)

New Delhi:

Airports Authority of India (AAI) is again within the black, raking in a revenue of Rs 3,400 crore within the fiscal ended March as surging home air site visitors boosted its monetary efficiency, in response to a supply.

AAI has reported a revenue for the primary time after the coronavirus pandemic that had considerably impacted air site visitors and the aviation sector as an entire.

Within the monetary years — 2021-22 and 2020-21 — AAI had reported a loss.

Whereas the loss was Rs 803.72 crore within the fiscal ended March 2022, the identical stood at Rs 3,176.12 crore within the monetary yr ended March 2021.

These figures excluded distinctive and extraordinary gadgets and tax.

The supply within the know instructed PTI that AAI has recorded a revenue of Rs 3,400 crore for the 2022-23 monetary yr.

This can be a provisional determine and the ultimate determine will likely be identified after the audit of the monetary outcomes.

The supply additionally mentioned the nice efficiency was primarily because of the excessive development in home air site visitors.

In 2022, home air passenger site visitors surged 47.05 per cent to 12.32 crore in comparison with 8.38 crore within the year-ago interval.

Additional, the passenger numbers soared 51.70 per cent to three.75 crore within the first three months of this yr as in opposition to 2.47 crore in the identical interval a yr in the past, as per official knowledge.

In 2021-22, AAI had a meagre revenue of Rs 8.76 crore, together with distinctive gadgets and tax.

In the meantime, within the fiscal ended March 2022, the federal government had waived obligatory dividend fee requirement. AAI had requested the waiver in lieu of waiving Air India’s that was accomplished previous to the sale of the loss-making service by the federal government to the Tata Group in January 2022.

AAI manages 137 airports, together with 24 worldwide and 80 home airports. It additionally offers Air Site visitors Administration Companies (ATMS) over complete Indian airspace and adjoining oceanic areas.

(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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