Indian Airport Industry Projected to Generate $3.9 Billion in Revenue Next Fiscal Year

On Wednesday, aviation consultancy CAPA India projected a 26 percent increase in revenue to USD 3.9 billion for Indian airport operators in the upcoming financial year. The firm also offered an outlook for airports, predicting air passenger traffic to reach 395 million for 2023-24, covering both domestic and international flights. This would be a significant rise from the current fiscal year’s 275 million domestic and 58 million international passengers. CAPA India anticipates that domestic air passengers will rise to 320 million, while international passengers will reach 75 million.

Furthermore, CAPA India predicted that India’s domestic airport passenger numbers will grow to 700 million, and international airport passenger numbers will rise to 160 million by the fiscal year 2030.

During the CAPA India aviation summit, Stefano Barconi, Director General of ACI Asia Pacific, discussed the pandemic’s impact on airport health and the current state of air passenger traffic. With over 600 airports represented, the Airports Council International (ACI) Asia Pacific is an industry leader in the region.

The outlook was presented at the CAPA India aviation summit, which also featured Stefano Barconi, Director General of ACI Asia Pacific, who highlighted the impact of the pandemic on airport health and air passenger traffic. He emphasized that air passenger traffic is still in recovery mode.

The Airports Council International (ACI) Asia Pacific represents more than 600 airports and is a leading organization in the airport industry. Airport operators, who have been facing challenging times due to the pandemic, will welcome the optimistic outlook for the Indian airport industry.

Also Read: Latest Indian Aviation News and Aviation News

Private & Non-scheduled Charter operators in India

Go through, the Mall of Aviation

For the best HELIPAD CONSULTANCY