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Published: May 15, 2024
Updated: May 15, 2024
The GMR and Adani groups are in for a bonanza as ICRA projects the overall air passenger traffic to witness a healthy growth of around 8-11 per cent to around 407- 418 million in FY2025, supported by a strong pick-up in both leisure and business travel, improved connectivity to newer destinations in the domestic segment and a continued uptick in international travel. Passenger traffic had already reached 376.4 million (+15% YoY) in FY2024, surpassing the pre-Covid level by 10%. The revenues of ICRA’s sample set are likely to grow by around 15-17% YoY in FY2025.
Both companies own some of India’s leading airports and will make the most of this unprecedented growth. While GMR owns the New Delhi and Hyderabad airports, Adani operates the Mumbai, Jaipur, Lucknow, Ahmedabad and Thiruvantapuram airports.
September 30, 2024 - Second Issue
Industry Review
VOL XVI - 03
September 16-30, 2024
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