In the monetary years — 2021-22 and 2020-21 — AAI had reported a loss. (Representational)
New Delhi:
Airports Authority of India (AAI) is again within the black, raking in a revenue of Rs 3,400 crore within the fiscal ended March as surging home air visitors boosted its monetary efficiency, in response to a supply.
AAI has reported a revenue for the primary time after the coronavirus pandemic that had considerably impacted air visitors and the aviation sector as a complete.
In the monetary years — 2021-22 and 2020-21 — AAI had reported a loss.
While the loss was Rs 803.72 crore within the fiscal ended March 2022, the identical stood at Rs 3,176.12 crore within the monetary 12 months ended March 2021.
These figures excluded distinctive and extraordinary objects and tax.
The supply within the know advised PTI that AAI has recorded a revenue of Rs 3,400 crore for the 2022-23 monetary 12 months.
This is a provisional determine and the ultimate determine can be recognized after the audit of the monetary outcomes.
The supply additionally mentioned the nice efficiency was primarily because of the excessive development in home air visitors.
In 2022, home air passenger visitors surged 47.05 per cent to 12.32 crore in comparison with 8.38 crore within the year-ago interval.
Further, the passenger numbers soared 51.70 per cent to three.75 crore within the first three months of this 12 months as in opposition to 2.47 crore in the identical interval a 12 months in the past, as per official knowledge.
In 2021-22, AAI had a meagre revenue of Rs 8.76 crore, together with distinctive objects and tax.
Meanwhile, within the fiscal ended March 2022, the federal government had waived obligatory dividend cost requirement. AAI had requested the waiver in lieu of waiving Air India’s that was executed previous to the sale of the loss-making provider by the federal government to the Tata Group in January 2022.
AAI manages 137 airports, together with 24 worldwide and 80 home airports. It additionally offers Air Traffic Management Services (ATMS) over total Indian airspace and adjoining oceanic areas.
(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)