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States » SouthPosted at: Mar 17 2021 9:29PM


Indian airports staring at a net loss of around Rs 5,400 cr in FY21; expected to improve net profit in FY22: ICRA

Hyderabad, Mar 17 (UNI) The Indian Airports sector is expected to witness improvement in operating income by 73 per cent to Rs 14,500 crore in FY2022 and net profit to Rs 190 crore supported by recovery in passenger traffic by around 130 per cent Y-o-Y, said ICRA in its report on Wednesday.
Given the significant delays in tariff orders in the past, timely tariff orders from the regulator, which adequately compensates for the ongoing capex and revenue loss due to Covid remains critical from the credit perspective.
The domestic passenger traffic is expected to decline by 61 per cent Y-o-Y and international traffic by 85 per cent Y-o-Y in FY2021.
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Tags: #Indian airports staring at a net loss of around Rs 5#400 cr in FY21; expected to improve net profit in FY22: ICRA
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