Last Updated: June 10, 2021, 1016hrs
With the Covid-19 outbreak since March last year Airport operators in India have suffered heavily and are now in need of government’s help, said Association of Private Airport Operators (APAO).
Association of Private Airport Operators (APAO) is an apex Industry Association of the Major Private Airports in India. It was founded in 2009 in recognition of the need for a coherent, cohesive, consistent voice for all the privatised major airports in India. The APAO represents the Mumbai, Delhi, Kochi, Bengaluru, Hyderabad airports, the airports of the Adani Group and the upcoming airports at Navi Mumbai and Goa.
In a statement, APAO said the first wave of COVID had already wiped-out air traffic in FY 2020-2021 and the second wave has further lead to the drop of domestic passenger traffic to less than 18-25 per cent of pre-Covid levels.
The APAO said that aero revenues have dropped to 75%-80% due to lower air traffic management and a steep decline in passenger traffic.
Thus airports have been requesting the government to provide some relief measures to directly alleviate the financial burden for airports.
As per the rating agency ICRA, the airports in India are expected to witness a decline in operating income by 61% to Rs 8,400 crore while reporting an operating loss of around Rs 1,700 crore and a net loss of Rs 5,400 crore in FY2021.