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Indian airports report loss of ₹70 billion in FY2020: aviation consultancy

By The Hindu

Indian airport operators are estimated to have posted a consolidated loss, before tax, of ₹70 billion in FY2021 compared with a profit of ₹51.6 billion in FY2020, according to aviation consultancy CAPA.Indian airport operators are estimated to have posted a consolidated loss, before tax, of ₹70 billion in FY2021 compared with a profit of ₹51.6 billion in FY2020, according to aviation consultancy CAPA.

Of the total losses, the Airports Authority of India (AAI) accounted for 69% losses and the remainder belonged to airports under public- private partnership (PPP).

The combined operating revenue of Indian airports declined by an estimated 64.1% to ₹83.1 billion in FY2021. However, as most airport expenses are fixed, Indian airports saw their operating costs decline by only 13.8%, said CAPA’s Indian Airport Outlook report released on Sunday.

The airport sector’s EBITDA declined from ₹94.2 billion in FY 2020 to – ₹15 billion in FY 2021. However, EBITDA remained positive for PPP airports, but was dragged down at an industry level by the AAI.

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The Hindu
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