Air passenger traffic is expected to continue on a recovery course and clock double-digit growth in fiscal 2024, according to a report by CRISIL.
The growth is because of a pick-up in international and business travel, capacity expansion by airport operators, and higher availability of aircraft. Following traffic volumes, the cash flows of airport operators are also rebounding, leading to recovery in their debt service cushions.
The CRISIL study is based on the top four airports — Delhi, Mumbai, Bengaluru and Hyderabad — which accounted for nearly 80 per cent of air passenger traffic handled by private airports in India in fiscal 2022, according to a press statement issued in Mumbai.
