Revenue of Indian Airport Operators to Top 15% – India Report
Photo Credit: India accounted for 4.2% of the global passenger traffic in 2023. Delhi Airport
Skift Take
India's aviation industry is expanding to increase connectivity. The growth in passenger traffic will increase revenue sources for airport operators.
The revenue of Indian airport operators is expected to increase by 15% to 17% in the 2024-25 financial year, according to credit rating agency ICRA. The agency added that the overall air passenger traffic in India in 2024-25 will grow by 8% to 11%, with 407 million to 418 million air passengers.
ICRA corporate ratings sector head Vinay Kumar G said that the recovery in the Indian airport passenger traffic is among the best compared to major global counterparts: “India accounted for 4.2% of the global passenger traffic in 2023.”
Stronger growth than global trend: Global passenger traffic in 2023 fell short of 2019 levels at 96%, Kumar said. But India airport passenger traffic hit 106%. Kumar attributed the rebound to strong economic growth and new routes.
Last month, credit ratings agency CRISIL sa
