India airport industry's pre-tax profit to grow 35% in FY25, CAPA India says (updated)
07/06/2024 06:04
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NEW DELHI, June 7 (Reuters) - India's airport industry
is likely to report a 35% rise in pre-tax profit for fiscal year
2025, helped by sustained robust demand for air travel,
aviation consultancy CAPA India estimated on Friday.
Airports' pre-tax profit will rise to 103.7 billion rupees
($1.24 billion) from 76.8 billion rupees a year ago, CAPA India
Vice President Paramprit Singh Bakshi said at the CAPA India
aviation summit.
India, the world's most populous nation, expects to have 350
airports by 2030, up from 144 in 2019, according to an earlier
CAPA India estimate and government data.
Most airports in the country are run by the state-owned
Airports Authority of India (AAI). GMR Airports GMRA.NS , which
runs the country's busiest airport in capital New Delhi, the
Adani Group and Fairfax India FIHu.TO are among its top
private airport operators.
Record domestic passenger traffic and a rebound in
international travel helped airports and airlines alike report
better results in the previous fiscal year.
($1 = 83.4575 Indian rupees)
(Reporting by Shivansh Tiwary in New Delhi; Editing by Nivedita
Bhattacharjee)
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