Delhi, Mumbai airports earning least revenue: Survey

The revenue has been calculated on the basis of Special Drawing Rights

PTI | February 24, 2012



Delhi and Mumbai airports are earning the least 'aeronautical' revenue per passenger compared to other airports of the world, according to a survey. As per the list of 50 countries prepared by Leigh Fisher Management Consultants, Delhi airport is at the bottom of the list with meagre 1.97 SDRs compared to Japan's Narita airport with 17.86 SDRs. Mumbai stands at the second last place with 2.09 SDRs.

The revenue has been calculated on the basis of Special Drawing Rights (SDRs) -- which is an international reserve asset created by the International Monetary Fund and its value is based on a basket of four key international currencies.

Operator of Delhi airport, Delhi International Airport Limited (DIAL) has asked the Airport Economic Regulatory Authority (AERA) to increase the airport tariffs by 874 per cent as it was registering losses due to whopping rise in traffic and operational cost.

DIAL has declared a loss of Rs 229 crore in Q3 of this fiscal year. They said they have made huge investments on upgrading a deficient infrastructure. DIAL said that they have been continuously posting losses due to the pending tariff revision.

"Since 2000, the tariff at IGI Airport was increased only once by 10 per cent in 2009 as compared to the consumer price index which went up by 200 per cent. As of today, airport charges at IGI is among the lowest compared to similar airports worldwide," a senior DIAL official said.

The aeronautical tariff rates are less than half compared to that in Bangkok, Hong Kong or Singapore. It is just 15 per cent of the tariff being charged at the airports in London, Toronto and Narita, he said.

Foreign airlines, during their last meeting with AERA, had opposed any steep hike in aeronautical charges and said they may be forced to wind up their India operations.

According to sources, major foreign airlines are paying just 1.5 per cent of their total earnings from Delhi as aeronautical charges to DIAL.

The Delhi airport was recently ranked second in airport service quality by Airport Council International in the 25 to 40 million passenger category while Mumbai's Chhatrapati Shivaji International airport stood third.

Comments

 

Other News

IndianOil registers highest ever profit of Rs 19,106 crore

 IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 was Rs 4,45,373 crore as compared to Rs 4,06,828 crore in the previous fiscal. IndianOil`s income from

Maiden flight of HAL’s light utility helicopter

 Hindustan Aeronautics Limited (HAL) carried out first flight of light utility helicopter (LUH)-PT-2 on May 22 at its Bengaluru-based facility. The flight duration was about 22 minutes and pilots reported nil snag, HAL said.   “These maiden flights of indig

The rise and rise of muscular nationalism

 Narendra Modi is like Greek mythology’s King Midas: whatever he touches turns into gold. Most people in this country are left dazzled by his ability to make dramatic announcements with a statuesque flourish.   The past three years of the Modi government have left the

BHEL unveils 270 MW thermal unit in Maharashtra

Bharat Heavy Electricals Limited (BHEL) has added another feather to its cap by successfully commissioning another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project at Sinnar (Nasik) in Maharashtra.   This is the fourth unit to be c

India is second largest stainless steel producer in the world: steel minister

Chaudhary Birender Singh, minister for steel, said that the Indian steel industry is at the cusp of a significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan. He said that the steel sector is only an example of all-round development in India. The c

Are you satisfied with three years of Modi government?

Are you satisfied with three years of Modi government?



Video

प्रभुनाथ सिंह को हत्याकांड में उम्रकैद की सजा

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter