Airports continue to report losses amid Covid turbulence
As many as 107 of the 136 airports operated by the Airports Authority of India (AAI) made losses in FY21, losing a total of ₹2,948.97 crore as passengers stopped flying amid the Covid-19 pandemic.
The losses were more than double those in the previous year, when 91 of these airports reported total losses ₹1,368.82 crore, according to data submitted by V.K. Singh, minister of state for civil aviation in the Lok Sabha.
In comparison, during FY19, 101 of the AAI-operated airports made losses totalling ₹1,668.69 crore.
Of the 136 airports operated by state-run AAI, 18 were not operational during FY19, while 19 weren’t operational during FY20 and FY21.
Of these airports, most are fully owned by AAI, while the airport operator owns a stake in a small number of airports in New Delhi, Mumbai, Bengaluru, Chandigarh, Nagpur, Hyderabad and Kannur through a joint venture.
