9 airports operating under PPP model to log 50% growth in revenue: Report

Nine airports operating under the PPP model in the country are expected to log a 50 per cent growth in their aggregate revenue at Rs 9,650 crore this fiscal from Rs 6,450 crore in the last fiscal, a report said on Wednesday.

The estimated growth in revenue, according to the credit rating agency CareEdge Ratings, will come on the back of an anticipated 70 per cent year-on-year surge in passenger traffic, which is likely to reach 93 per cent of pre-pandemic levels in the current financial year.

However, on an overall basis passenger traffic is expected to surpass the pre-Covid level by 1.12 times in the fiscal year starting April 2023, it said.

The rating agency also believes a further delay in the airport privatisation and the government's plan to exit its stake from joint venture airports.

"CareEdge Ratings has assessed the aggregate financial position of nine PPP airports which represent 50 per cent of total India's passenger traffic. The aggregate revenues of these airports are .