Team Blitz India
NEW DELHI: An expected increase of 10 percent in passenger traffic, combined with capital expenditure-linked tariff hikes will help leading private airport operators to record 30 percent increase their revenues, a study by CRISIL Ratings said.
The rising revenue will restore the cushion for debt servicing to around 1.4 times, taking it back to the level last seen before the Covid-19 pandemic, the report added. Airports had dipped into their cash reserve to service debt during this period.
The study was conducted on 10 private airports, which accounted for an estimated 60 percent of overall passenger traffic in FY24 .
