Adani Group Outlines its Strategy for its Airport Business

Justin Lee

Singapore

November 12, 2022

Mumbai Airport

© Wikimedia Commons

The past 12 months have been a busy and significant year for Adani Group as it consolidated the operations of the six regional airport concessions acquired from Airports Authority of India while achieving financial closure for the Navi Mumbai International Airport project.

Adani Group has also consolidated its airport portfolio at a time of steady recovery for the Indian air transport industry, which had been seriously affected by the impact of the global COVID-19 pandemic.

In the Adani Airports CFO Presentation delivered on 13 October 2022, Adani Airports reported that domestic passenger traffic recovery for the six airports that were acquired - Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, Trivandrum - recorded a recovery in March to June 2022 period to 90% of domestic passenger traffic in the pre-COVID quarter of January to March 2020.

6 Airports Recovery v2

© Adani Airports CFO Presentation

International passenger traffic during the same period in 2022 was reported to have recovered to 89% of international passenger traffic in the pre-COVID quarter of January to March 2020.

At Mumbai International Airport, domestic passenger traffic during the March to June 2022 period was 99% that of the domestic passenger traffic in the January to March 2020 period while international passenger traffic during March to June 2022 was 78% that of the international passenger traffic in the January to March 2020 period.

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