The Airport Authority of India (AAI) has reported a profit of INR 34 billon in the FY 2022-23 reporting its first profit post-pandemic. According to sources, this is a provisional figure and the final figure will be known after the audit of the financial results.
AAI had reported a loss on INR 8.03bn in FY2021-22 and INR 31.37bn in 2022-21.
In 2021-22, AAI had a meagre profit of INR 80 million, including exceptional items and tax.
Meanwhile, in the fiscal ended March 2022, the government had waived compulsory dividend payment requirement. AAI had requested the waiver in lieu of waiving Air India’s that was done prior to the sale of Air India by the government to the Tata Group in January 2022.
AAI manages 137 airports, including 24 international and 80 domestic airports. It also provides Air Traffic Management Services (ATMS) over entire Indian airspace and adjoining oceanic areas.