Mumbai: A recent decline in passenger traffic at the Delhi airport will hurt its credit metrics amid expansion plans at the country’s busiest airport, US-based financial services firm Moody’s Investors Service said in a report on Thursday.
Passenger traffic at Delhi’s Indira Gandhi International Airport (IGIA) declined 12.7% during May 2019, compared with the same period in the previous year, according to the latest data from the Airports Authority of India (AAI).
“The decline in traffic is credit negative for DIAL (Delhi International Airport Limited) because most of its revenue – outside of income from land monetization and rental – is linked to passenger and aircraft movements at the airport,” Moody’s Investors Service said in its report on DIAL.
