AAI eyes Rs 1,500 crore profit this fiscal

Airports Authority of India is expecting a net profit of Rs 1,500 crore this fiscal on account of increase in revenue after the Airports Economic Regulatory Authority (AERA) revised the airport tariffs.

“We have seen improvement in our bottomline because of new increased tariff regime of AERA. We expect to earn a net profit of Rs 1,500 crore,” AAI Chairman V P Agrawal said here.

Speaking on the sidelines of a function organised by AAI Officers Association, he claimed that the state-run airport operator would not lose any revenue on account of privatisation of six airports, including Kolkata and Chennai which were recently modernised by it.

Full report here Economic Times 


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