BIAL incurs net loss of Rs 356 crore in FY22 due to Covid-19 impact

The financial performance of BIAL is registering strong growth as passenger volumes in recent months have gone back to pre-Covid levels

Fairfax-owned Bangalore International Airport (BIAL), which operates India’s third-busiest airport in Bengaluru, has incurred a net loss of Rs 356.89 crore in FY22 due to the continuing impact of Covid-19.

In contrast, GMR Group-owned Delhi International Airport (DIAL) — which operates India’s busiest airport in Delhi — saw a net profit of Rs 17.68 crore in FY22.

Adani Group-owned Mumbai International Airport (MIAL) — which operates India’s second-busiest airport in Mumbai — incurred a net loss of Rs 177.17 crore in the last financial year.

BIAL’s annual financial statement — which has been reviewed by Business Standard — stated that,