Indian Economy News

Indian airports' revenues to rise 26% to US$ 3.9 billion next fiscal year: CAPA

  • IBEF
  • March 23, 2023

According to CAPA, an aviation consultancy, the airport operators of India are expected to report a 26% increase in revenues at US$ 3.9 billion in the next fiscal year.

The air passenger traffic for 2023-24, is estimated to be 395 million, which would also include both domestic and international traffic.

Individually, domestic air passengers will rise to 320 million from 275 million this fiscal, and the international air passenger count will increase to 75 million from 58 million.

 In addition, CAPA has forecasted that by FY30, the domestic pax will increase to 700 million passengers and the international airport pax will increase to 160 million passengers.

Furthermore, Indian airports' revenue of US$ 3.9 billion (Rs. 32,390 crores) in the next fiscal will be 26% higher than expected in 2022-23.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.