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Rising air traffic to lift pvt airports' revenue by 30% in FY25
The Sunday Guardian
|April 28, 2024
An expected increase of 10 per cent in passenger traffic on the high base of fiscal 2024, combined with capital expenditure (capex)linked tariff hikes and rising non-aeronautical revenue per passenger, can see the revenue of leading private airport operators go up by around 30 per cent this fiscal.
The rising revenue will restore the cushion for debt servicing to around 1.4 times, taking it back to the level last seen before the Covid-19 pandemic. Airports had dipped into their cash reserve to service debt during this period, a CRISIL Ratings study of 10 private airports that accounted for an estimated 60 per cent of overall passenger traffic in fiscal 2024 indicates as much.
Dit verhaal komt uit de April 28, 2024-editie van The Sunday Guardian.
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