Airport sector to see pre-tax profit rise by 35%
AVIATION & AIRPORTS

Airport sector to see pre-tax profit rise by 35%

According to aviation consultant CAPA India, the airport industry is expected to achieve a 35% increase in pre-tax profit for the fiscal year 2025, aided by the continued strong demand for air travel.

According to CAPA Vice President Paramprit Singh Bakshi, pre-tax earnings at airports would increase to Rs 103.7 billion from Rs 76.8 billion last year at the CAPA India aviation summit. The most populated country in the world, India, anticipates having 350 airports by 2030, up from 144 in 2019, based on official statistics and a previous forecast by CAPA India. The state-owned Airports Authority of India (AAI) oversees the majority of the nation's airports. Among the leading private airport operators in the nation are the Adani Group, Fairfax India, and GMR Airports, which manages the busiest airport in the nation, located in New Delhi. Improvements in foreign travel as well as record domestic passenger traffic enabled airports and airlines to post higher earnings for the previous fiscal year.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

According to aviation consultant CAPA India, the airport industry is expected to achieve a 35% increase in pre-tax profit for the fiscal year 2025, aided by the continued strong demand for air travel. According to CAPA Vice President Paramprit Singh Bakshi, pre-tax earnings at airports would increase to Rs 103.7 billion from Rs 76.8 billion last year at the CAPA India aviation summit. The most populated country in the world, India, anticipates having 350 airports by 2030, up from 144 in 2019, based on official statistics and a previous forecast by CAPA India. The state-owned Airports Authority of India (AAI) oversees the majority of the nation's airports. Among the leading private airport operators in the nation are the Adani Group, Fairfax India, and GMR Airports, which manages the busiest airport in the nation, located in New Delhi. Improvements in foreign travel as well as record domestic passenger traffic enabled airports and airlines to post higher earnings for the previous fiscal year.

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000