5 key airports continue to record Y-o-Y profit in FY14: India Ratings and Research


Five airports operated under PPP model -- Delhi, Mumbai, Bengaluru, Hyderabad and Cochin -- are expected to continue to 'limit traffic decline' despite adverse economic conditions in FY15 and first half of FY16, rating agency India Ratings and Research (Ind-Ra) has said in its latest report. 


All the five major private airports have registered year-on-year (y-o-y) growth in domestic and international passenger segments in FY14 and in the first few months of FY15 after a decline in domestic passenger traffic in FY13. 

Delhi International Airport Pvt Ltd (DIAL), which carried 27 per cent of the total international enplanements of India in FY14, recorded a 9.64 per cent y-o-y increase. 

The Mumbai International Airport Ltd (MIAL), which carried 22 per cent, recorded a 4.13 per cent y-o-y increase during FY14. 

GMR Hyderabad International Airport Ltd (GHIAL) continued to record double-digit growth of 13.78 per cent y-o-y in FY14. 

"DIAL witnessed highest growth of 7.46 per cent, followed by MIAL with 7.26 per cent, Cochin International Airport Limited (CIAL) with 6.99 per cent, Bengaluru International Airport Limited (BIAL) with 5.35 per cent and GHIAL with 4.35 per cent," it further said. 


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