{"id":451701,"date":"2021-11-25T08:21:39","date_gmt":"2021-11-25T02:51:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451701"},"modified":"2021-11-25T09:58:03","modified_gmt":"2021-11-25T04:28:03","slug":"ease-in-travel-restrictions-to-raise-airport-infra-sectors-profits-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ease-in-travel-restrictions-to-raise-airport-infra-sectors-profits-icra\/","title":{"rendered":"Ease in travel restrictions to raise airport infra sector&#8217;s profits: ICRA"},"content":{"rendered":"<p>Ease in travel restrictions post the lockdown is expected to raise the airport infrastructure sector&#8217;s operating profits in FY22, ICRA said on Wednesday.<\/p>\n<p>However, the outlook for the sector continues to remain &#8220;negative&#8221;, the ratings agency said. <\/p>\n<p>&#8220;The sector&#8217;s operating income and operating profits are estimated at Rs 14,000 crore and Rs 3,250 crore (operating loss of Rs 1,450 crore in FY21), respectively, in FY22,&#8221; said Rajeshwar Burla, Group Head, Corporate Ratings, ICRA. <\/p>\n<p>&#8220;Domestic traffic has witnessed healthy MoM (month-on-month) growth since June 2021 with traffic reaching 72 percent of pre-Covid levels in October 2021, the highest since the start of the pandemic. Passenger traffic is expected to witness 82-84 per cent YoY (year-on-year) in FY22,&#8221; the ratings agency said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ease in travel restrictions post the lockdown is expected to raise the airport infrastructure sector&#8217;s operating profits in FY22, ICRA said on Wednesday. However, the outlook for the sector continues to remain &#8220;negative&#8221;, the ratings agency said. &#8220;The sector&#8217;s operating income and operating profits are estimated at Rs 14,000 crore and Rs 3,250 crore (operating loss of Rs 1,450 crore in FY21), respectively, in FY22,&#8221; said Rajeshwar Burla, Group Head, Corporate Ratings, ICRA. &#8220;Domestic traffic has witnessed healthy MoM (month-on-month) growth since June 2021 with traffic reaching 72 percent of pre-Covid levels in October 2021, the highest since the start [&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-451701","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\/451701","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=451701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}