Indian airport operators are estimated to have posted a consolidated loss, before tax, of ₹70 billion in FY2021 compared with a profit of ₹51.6 billion in FY2020, according to aviation consultancy CAPA.
Of the total losses, the Airports Authority of India (AAI) accounted for 69% losses and the remainder belonged to airports under public- private partnership (PPP).
The combined operating revenue of Indian airports declined by an estimated 64.1% to ₹83.1 billion in FY2021. However, as most airport expenses are fixed, Indian airports saw their operating costs decline by only 13.8%, said CAPA's Indian Airport Outlook report released on Sunday.
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The airport sector's EBITDA declined from ₹94.2 billion in FY 2020 to
In addition to the losses incurred by airport operators, airport-based concessionaires such as retail, duty free, food and beverage outlets, ground handlers and MRO (maintenance and repair operations) lost another ₹79-116 billion in FY 2021 taking the total losses for the airport sector to ₹149-186 billion.
CAPA forecasts FY2022 losses for airport operators to be comparable to those of FY2021 at ₹70.1 billion.
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