Pune airport generates Rs 56.39 cr profit in 2016-17

Sushant Ranjan
Sunday, 29 April 2018

Pune: The Pune airport earned Rs 56.39 crore profit in 2016-17, which is more than 90 per cent compared to the year 2015-16.  Officials expect that the revenue will surpass the previous year’s profit in 2017-18 as the airport handled 8.2 million passengers in the year.

Pune: The Pune airport earned Rs 56.39 crore profit in 2016-17, which is more than 90 per cent compared to the year 2015-16.  Officials expect that the revenue will surpass the previous year’s profit in 2017-18 as the airport handled 8.2 million passengers in the year.

According to the Pune airport authority, the revenue generated in 2015-16 was Rs 117.25 crore, which increased in 2016-17 to Rs 153.01 crore. The airport generated Rs 82.89 crore from traffic revenue in 2015-16, which increased in 2016-17 to Rs 104.82 crore. Similarly, in terms of non-traffic revenue, the airport generated Rs 34.36 crore in 2015-16 which increased in 2016-17 to Rs 48.19 crore.

“Recently, we achieved 8.2 million passengers’ footfall and we are expecting 12.5 million in the next two years. Accordingly, we are converting non-public areas into public areas. We have increased the seating capacity in Security Hold Areas (SHA) 1 and 2. Our focus is to provide facilities to passengers,” said Ajay Kumar, Airport Director.

The Airports Economics Regularity Authority (AERA) had forecast in a report submitted to the Director General of Civil Aviation (DGCA) on November 9, 2017, that non-aeronautical services will generate revenue of Rs 50 crore for AAI at Pune airport by the financial year 2020-21. Sakal Times had published the news on November 23, 2017.

The report was titled ‘In a matter of determination of aeronautical tariffs at civil enclave in respect of Pune airport for the second control period (April 1, 2016, to March 31, 2021)’.
According to the AERA report, “The duty-free shop, which was opened earlier in 2017 (at Pune airport), earned Rs 1.1 crore revenue for AAI during 2016-17. AAI forecast that the duty-free shop will generate Rs 4 crore revenue during 2020-21. Similarly, the hoardings and displays which earned Rs 5.3 crore during 2015-16 (base period), will generate Rs 11.1 crore during 2020-21.” The 13 non-aeronautical services are expected to generate Rs 49.6 crore during the financial year 2020-21.

The profit at Pune airport can be attributed to various facilities available at the airport including the duty-free shop, book shops, leather accessory shop, art gallery, luggage and travel accessory shop, handicraft and jewellery shop. The airport has also started Ola and Uber cab facilities for passengers.

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