Indian Airports’ Revenues To Increase By 26% To $3.9 Bn In Next Fiscal Year: CAPA

Indian airport operators are expected to report a 26 per cent increase in income to USD 3.9 billion in the next fiscal year, according to aviation consultancy CAPA India.

Air passenger traffic, both domestic and international, is projected to reach 395 million in 2023-24, according to the airport outlook.

Domestic air travellers will increase to 320 million from 275 million this fiscal year. During this time, the number of foreign air passengers will rise from 58 million to 75 million.

“By FY2030, India is expected to have 700 million domestic passengers and 160 million international passengers,” according to CAPA India.

According to the report, revenue at Indian airports will be USD 3.9 billion (Rs 32,390 crore) in the next fiscal year, which is 26 per cent greater than expected in 2022-23.

The forecast was given here at the CAPA India aviation summit.

According to Stefano Barconi, Director General of ACI Asia Pacific, airports' health was severely impacted by the pandemic, and the air passenger business is still recovering.

More than 600 terminals are represented by terminals Council International (ACI) Asia Pacific.