Indian Economy News

Passenger traffic at Delhi Airport reached an all-time high during April-October: GMR

  • IBEF
  • November 20, 2023

As compared to the same period in previous years, the passenger traffic at the Delhi airport between April and October of this year was the highest ever. At 41.7 million, it was 17% higher than the traffic in the first seven months of 2023-24 (FY24), according to monthly traffic data released by the GMR Airports Infrastructure Ltd.

With 6.08 million passengers handled monthly, October was the busiest month for the airport in FY24. It was 5% higher than in September of this year and 11% higher than in October 2022. In FY23, the total passenger traffic at the Delhi airport stood at 65.3 million.

Delhi International Airport Limited (DIAL) is the operator of Indira Gandhi International Airport. It is a partnership between the GMR Group, which owns a 64% share, the Airports Authority of India (26%), Fraport (10%), and Eraman Malaysia (10%).

Additionally, the data showed that, compared to the same period the previous year, aircraft movements at the Delhi airport increased by 5% to 248,348 in the first seven months of 2023. It increased to 36,643 in October, a 5%year-over-year (YoY) increase.

The GMR Group is also primarily responsible for managing Rajiv Gandhi International Airport in Hyderabad, which recently saw its highest-ever year-to-date passenger volume. As of October 31, 2023, the total passenger traffic stood at 14.2 million, a 23% increase over the same period the previous year.

With 2.1 million passengers in October, the Hyderabad airport recorded its highest monthly volume of FY24. It has increased by 14% since October 2022. Moreover, it was 6% more than the passenger traffic in September.

The GMR Group also operates Manohar International Airport, Goa. At that airport, the total passenger traffic in October was 339,395, 4% higher than in September.

The Andhra Pradesh-based Visakhapatnam International Airport is currently being developed by the GMR Group. It just raised Rs. 3,200 crore (US$ 384.2 million) to complete the project. Over Rs. 4,700 crore (US$ 564.4 million) is the anticipated cost of the project.

In the July-September period, there was a 25% (YoY) rise in total passenger traffic, reaching 26.5 million.

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