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

When Nandini Satpathy told Biju Patnaik: ‘I’ll sit on the chair you are sitting on’

Nandini Satpathy: The Iron Lady of Orissa By Pallavi Rebbapragada Simon and Schuster India, 321 pages, Rs 765

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter