ICRA expects 18-20% growth for airport operators in FY26 on higher traffic

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ICRA expects 18-20% growth for airport operators in FY26 on higher traffic - Business Standard

Quick Summary:

Indian airport operators are expected to see an 18-20 per cent topline year-on-year growth in this fiscal, driven by a sustained improvement in passenger traffic and tariff hike as well as ramp-up in non-aeronautical revenues, ratings agency ICRA said on Thursday.

At the same time, ICRA estimates overall air passenger traffic growing at a healthy 7-9 per cent Y-o-Y to reach at 440-450 million in FY26, on the back of an around 10 per cent estimated increase in the just concluded financial year, it said.

The ratings agency said its estimation is based on a sample set of airports, including those managed and operated by the Airports Authority of India (AAI), as well as Delhi, Bangalore, Hyderabad and Cochin International Airports, which operate under the public-private partnership (PPP) model.