The Adani-concessioned airports at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram served 14.25 million passengers in 2022, increasing by around 100% year-on-year to reach pre-pandemic 2019 levels. Domestic passenger numbers across all airports rose by 92% year-on-year while international traffic improved by 133%. Domestic flight numbers were up by 58% and international flights increased 61%.

Mumbai International Airport, where Adani Group has 74% of shares, recorded a 105% increase in passenger movement, with 44 million passengers handled in the year ended March 2023 (FY23) as compared with 21.7 million in the same period of the year ended March 2022 (FY22).

Despite the strong recovery in passenger traffic, the airports run by Adani Group have not been making profits. Nevertheless, Adani Group continues to be optimistic about its future in the airports sector, with plans laid out to expand its airport portfolio in India.

The seven Adani Group-run airports in the country made losses in FY23.

For FY23, the most loss-making airport is the Sardar Vallabhbhai Patel International Airport in Ahmedabad, where the loss for FY23 was INR408.51 crore.

Though the airports operated by Adani Group were loss-making, the holding company, Adani Airports Holding Ltd (AAHL), is profitable and registered a profit in FY23. Apart from these airports, AAHL owns other subsidiaries and provides services in these airports, according to the company disclosures.