40-60% drop in air passenger traffic likely in FY21 amid Covid-19 crisis
Private Indian airports are staring at a steep 40-60 per cent fall in passenger volume this financial year due to the Covid-19 crisis.
Such a disruption will take the clock back by many years — in terms of passengers handled — for these airports, thus raising questions among some of the airport operators over a delay in expansion plans.
Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19. “Overall traffic is expected to decline by 50-60 per cent, but the impact will vary for each airport. Airports in Kerala may see a higher impact as a large percentage of their traffic is to West Asia,” said Satyan Nayar, secretary general of the Association of Private Airport Operators, based on feedback from its members.
