Airports suffer a total of Rs 2,948.97 crore loss due to pandemic

In the FY19, almost 101 of the AAI operated airports had gone through losses equalling to Rs 1,668.69 crore.

In the Financial Year 2021, over 107 of the 136 airports operated by the AAI went through losses, a total of Rs 2,948.97 crore due to the COVID-19 as the passengers stopped using their services.

According to VK Singh, a Minister of State for Civil Aviation in Lok Sabha, in a data submitted mentioned that in the previous year, the losses were of double in amount and 91 of the airports had reported total losses of Rs 1,368.82 crore.

Advertisement

In the FY19, almost 101 of the AAI operated airports had gone through losses equalling to Rs 1,668.69 crore.

The 136 airports operated by the state-run AAI, in FY19 18 of those were not operational, while in the FY 20-21 19 of those airports were not operational.

Most of these airports are fully owned by AAI while the airport operator owned a stake in a small number of airports in Mumbai, New Delhi, Chandigarh, Nagpur, Bengaluru, Nagpur, Kannur, and Hyderabad through a joint venture.

In FY19, FY20 and FY21, losses were reported in the popular tier-II airports like Delhi, Imphal, Gaya, Bhopal, Aurangabad, Belgaum, Chandigarh, Dehradun, Dimapur, Dibrugarh and Hubli. As per the figured submitted by Mr. Singh, in the past three years, losses were reported in most airports of tier-I and tier-II cities.

In FY19, New Delhi’s Indira Gandhi International Airport (IGIA), the country’s busiest airport, had reported a loss of Rs 111.77 crore. In FY20, the IGIA reported a profit of Rs 13.15 crore and a loss of Rs 317.41 crore in FY21.

In FY19, the Chhatrapati Shivaji Maharaj International Airport, Mumbai, the second busiest airport, reported a profit of Rs 96.1 crore and, in FY20 the airport made a profit of Rs 2.54 crore. In the FY21, the CSMIA made a loss of Ra 384.81 crore.

In Kolkata, the Netaji Subhash Chandra Bose International Airport had reported a profit of Rs 461.19 crore in the year 2018-2019, and a profit of Rs 545.07 crore in the year 2019-2020, and a loss of Rs 31.04 crore in the year 2020-2021.

Since 2018-2019, the airports in most regions had been loss making even after the government’s push to connect the smaller airports through the regional connectivity scheme.