Airport Authority Profit: For the first time after Kovid, Airport Authority got profit, this one reason helped

Airport Authority Profit: For the first time after Kovid, Airport Authority got profit, this one reason helped

After almost ending the cases of Corona epidemic, now restrictions are ending all over the world. A long time has passed since the restrictions ended in India. In such a situation, there was a good boom in domestic air travel last year. This helped the Airport Authority of India a lot and for the first time after the epidemic, it was successful in earning profit (AAI Profit).

This Profits due

According to a PTI report, the Airport Authority of India ie AAI returned to profits during the last financial year. During the last financial year 2022-23, the Airport Authority made a profit of Rs 3,400 crore. Quoting sources in the report, it has been told that this profit has been made to AAI due to increase in domestic air traffic. Earned profits for the first time since the pandemic. Earlier, AAI had incurred a loss of Rs 803.72 crore in FY 2021-22 and Rs 3,176.12 crore in FY 2020-21. According to a source, AAI has made a net profit of Rs 3,400 crore during the last financial year i.e. in 2022-23. This figure of AAI’s profit is not final and may change after audit.

Thus increased passenger numbers

The source also said that the good performance was mainly Due to the sharp increase in domestic air traffic. The number of domestic air passengers increased by 47.05 percent on an annual basis in the year 2022 and reached 12.32 crore. According to official data, the number of passengers increased by 51.70 per cent to 3.75 crore in the first three months of this year, compared to 2.47 crore in the same period a year ago.

AAI earns from here

The Airport Authority of India manages 137 airports in the country. These include 24 international and 80 domestic airports. It also provides air traffic management services (ATMS) in the entire Indian airspace and adjoining sea areas. However, the main earning of AAI comes from the management of airports only. Was exempted from the condition of mandatory payment of dividend for the financial year. AAI had requested the government to provide exemption from the payment of dividend (AAI Dividend Payment). Seeking exemption, AAI had cited the case of Air India, which was exempted from payment of dividend by the government before it was sold to the Tata group in January 2022.

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