The total airport passenger traffic is expected to witness healthy growth on an annual basis (YOY) of about 7-9 % to reach new levels ranging between 440 and 450 million in the 26th fiscal year, after witnessing a growth of 10 % to 412-415 million in the fiscal year 25, according to ICRA.
The ICRA Satellite Group’s revenue is likely to grow about 18-20 % on an annual basis in the 26th fiscal year. It is expected that the sector’s debt coverage measures will remain comfortable with the benefits cover above 5 times and the debt service coverage rate is higher than 3.5 times in the 26th fiscal year.
FY25 witnessed 11 % expansion of international traffic and 9 % in local traffic. The continuous motivation for health growth was driven by a fixed increase in international travel amid improving the latest destination, and the continuous rise in entertainment and commercial travel in the local sector, as well as improving air delivery with the cities of the second level/ major tourist destinations.
“International traffic is still exceeding the growth of local traffic, driven by international health tourism activity, as well as improving delivery with the latest destinations. It is likely that the growth momentum will maintain traffic, respectively,” said Vina Kumar G.
He also said that the healthy international traffic will be very amazed at the airport sector, given that it is relatively more than local traffic.
The revenues of a sample group of ICRA sample will grow by 18-20 % on an annual basis in the 26th fiscal year, driven by continuous improvement in both passengers movement, increased tariffs in Delhi, Bangaluru, Hyderabad airports and an increase in incompatible revenues.
Looking at the bottleneck faced by a few airports, the sector will continue in a large profit scene. Over the next 4-5 years is expected to invest in the next 4-5 years, including Greenfield Jowar (Noida), Navi Mumbai, Bhogapuram, Parandur (Chennai), Browfield Expenses (Bangalore, Hyderabad, Cochin, Cochin, Cochin, Cochin, Cochin, Cochin, Mumbai and Nagpur and airport development in the field of India (AII).
Commenting on the performance of the airport operators, Kumar said: “With health profit margins, debt coverage is expected to remain comfortable in the 2016 fiscal year, despite the high interests that exceed them, and debt payment remains through the marketing of the Capex program at some major airports.
https://akm-img-a-in.tosshub.com/businesstoday/images/story/202504/67f7795c2d5dd-given-the-capacity-bottleneck-faced-by-a-few-airports–the-sector-will-continue-to-witness-substanti-105502345-16×9.jpg
Source link