Airport Authority of India (AAI)crosses Rs.10,000 cr revenues in 2015-16

The growth in passenger traffic has pushed the Airport Authority of India (AAI)’s revenues past a record Rs.10,000-crore mark in 2015-16, helping it clock a robust 30 % growth in its net profit.

While total revenue stood at Rs.10, 824 crore in 2015-16 compared to Rs.9,285 crore in 2014-15, its net profit rose to Rs. 2,537 crore from Rs.1,959 crore.

 “For the first time, AAI’s revenue has crossed Rs.10,000-crore mark. This is a huge achievement and we are thriving hard to achieve greater heights,” AAI Member (Finance) S. Suresh told

Lower aviation turbine fuel (ATF) helped airlines to charge lower airfares to passengers in 2015-16 leading to robust traffic movement in the country.

ATF contributes almost 40 % to an airline’s total operational costs.

India’s air passenger traffic, both domestic and international, rose 17.6 % to 22.36 crore in 2015-16 and there was 12 % more aircraft movement across the airports.

Higher passenger traffic and aircraft movement led to an 18 per cent increase in AAI’s airport service revenues to Rs.2,891 crore