AAI sees over 15% growth in revenues, 22% rise in profits for FY16-17

The Airports Authority of India (AAI) has registered growth of more than 15% and 22% in its revenues and profits after tax, respectively in the financial year 2016-17 as compared to the financial year 2015-16. While its traditional businesses have grown at a healthy rate, growth in the new businesses and new markets also contributed to its revenues, according to AAI annual report 2016-17. The major factors for hike in revenue are increase in route navigational charges and terminal landing charges; increase in landing, housing and parking charges; increase in passenger service fee; increase in other revenue like trading concession, rent and services, cargo, UDF and other miscellaneous revenue, and increase in share of revenue from Delhi International Airport Limited (DIAL) & Chhatrapati Shivaji International Airport (MIAL).