{"id":374149,"date":"2020-09-19T08:49:57","date_gmt":"2020-09-19T03:19:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374149"},"modified":"2020-09-21T08:57:01","modified_gmt":"2020-09-21T03:27:01","slug":"covid-19-impact-aai-likely-to-slip-into-red-for-first-time-in-fy21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-impact-aai-likely-to-slip-into-red-for-first-time-in-fy21\/","title":{"rendered":"Covid-19 impact: AAI likely to slip into red for first time in FY21"},"content":{"rendered":"<p>The Covid-19 pandemic is likely to push the Airports Authority of India (AAI) \u2014 the only profit-making government-owned aviation entity \u2014 into losses in FY21, for the first time since its formation in 1995, officials said. <\/p>\n<p>The quantum of loss will depend on the extent of the effect of the pandemic on traffic flow at airports. <\/p>\n<p>In February 2009, it was granted \u201cMiniratna Category 1 PSE\u201d status by the Centre. In FY20, the AAI clocked a profit of over Rs 3,600 crore over revenue of around Rs 14,367 crore. <\/p>\n<p>To counter the pandemic, air transport was suspended from March 25 till May 24 which rendered zero traffic at AAI airports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Covid-19 pandemic is likely to push the Airports Authority of India (AAI) \u2014 the only profit-making government-owned aviation entity \u2014 into losses in FY21, for the first time since its formation in 1995, officials said. The quantum of loss will depend on the extent of the effect of the pandemic on traffic flow at airports. In February 2009, it was granted \u201cMiniratna Category 1 PSE\u201d status by the Centre. In FY20, the AAI clocked a profit of over Rs 3,600 crore over revenue of around Rs 14,367 crore. To counter the pandemic, air transport was suspended from March 25 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-374149","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374149"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374149\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}