AAI profit surges 30% to Rs 2,537 crore in 2015-16

• Posted in Aviation
• on August 5, 2016
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Airports Authority of India (AAI) saw its profit after tax jump nearly 30 percent to Rs 2,537.36 crore last fiscal, on the back of higher passenger numbers and increased revenues. Minister of State for Civil Aviation Jayant Sinha informed the Lok Sabha today that AAI recorded a total revenue of Rs 10,824.50 crore in 2015-16 compared to Rs 9,284.98 crore in the year-ago period. In the last financial year, AAI’s profit after tax stood at Rs 2,537.36 crore, higher than Rs 1,959.22 crore in 2014-15. “Increase in passenger numbers, marginal increase of User Development Fee (UDF) charges in AAI airports, Passenger Service Fee (Facilitation Component) and increase in lease revenue from Delhi and Mumbai airports have contributed to the increase in AAI revenues,” Sinha said in a written reply. According to him, there was an 18 percent rise in passenger traffic, 11 percent increase in aircraft movements and 16.23 percent jump in airport lease revenue during 2015-16. State-owned AAI manages 125 airports, including 11 international aerodromes and 25 civil enclaves. It also provides air traffic management services. Jason Pierre-Paul Jersey

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