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India airport industry's pre-tax profit to grow 35% in FY25, CAPA India says
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India airport industry's pre-tax profit to grow 35% in FY25, CAPA India says
Jun 6, 2024 10:36 PM

NEW DELHI, June 7 (Reuters) - India's airport industry

is likely to report a 35% rise in pre-tax profit for fiscal year

2025, helped by sustained robust demand for air travel,

aviation consultancy CAPA India estimated on Friday.

Airports' pre-tax profit will rise to 103.7 billion rupees

($1.24 billion) from 76.8 billion rupees a year ago, CAPA India

Vice President Paramprit Singh Bakshi said at the CAPA India

aviation summit.

India, the world's most populous nation, expects to have 350

airports by 2030, up from 144 in 2019, according to an earlier

CAPA India estimate and government data.

Most airports in the country are run by the state-owned

Airports Authority of India (AAI). GMR Airports, which

runs the country's busiest airport in capital New Delhi, the

Adani Group and Fairfax India ( FFXDF ) are among its top

private airport operators.

Record domestic passenger traffic and a rebound in

international travel helped airports and airlines alike report

better results in the previous fiscal year.

($1 = 83.4575 Indian rupees)

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