Airports to report Rs 3,200 cr of operating profits in FY22

Domestic passenger traffic has increased consecutively till November after the slowdown witnessed in April and May this year and helping the airports and airlines to turn around in the ongoing financial year.

As per rating firm, ICRA, due to Covid-19 pandemic, the ongoing capacity expansion plans at the major airports are expected to be delayed by 12 to 18 month. The sector’s operating income (and operating profits are estimated at Rs. 14,000 crores and Rs. 3,250 crores (operating loss of Rs.1450 crores in FY2021) respectively in FY 2022. Analysts expect domestic air travel to recover back to pre-Covid levels by FY2023 and the international sector by FY2024.