CAPA India on Wednesday said that the Indian airport operators are projected to report a 26 percent increase in revenues at $3.9 billion in FY24.
Air passenger traffic, including international and domestic, is estimated to be 395 million, CAPA India said, as it presented the outlook for airports.
Out of the total, domestic air passengers will rise to 320 million from 275 million this fiscal. During this period, the international air passenger count will increase to 75 million from 58 million.
"India is forecast to see domestic airport pax rise to 700 million passengers, and international airport pax to 160 million passengers by FY2030," CAPA India said.
It said Indian airports' revenue of USD 3.9 billion (Rs 32,390 crore) in the next fiscal will be 26 percent higher than anticipated FY23.
The outlook was presented at the CAPA India aviation summit here.
Stefano Barconi, Director General of ACI Asia Pacific, said airports' health was affected significantly amid the pandemic and that air passenger traffic is still in recovery mode.
Airports Council International (ACI) Asia Pacific represents more than 600 airports.
With PTI inputs
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First Published: Mar 22, 2023 5:56 PM IST
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