India News | AAI to Post Highest Ever Profit of Rs 5,000 Cr in 2023-24

New Delhi, Apr 1 (PTI) Airports Authority of India (AAI) is expected to report the highest-ever profit of Rs 5,000 crore in the 2023-24 financial year, a senior official said on Monday.

In recent years, the number of airports has gone up, especially with the regional air connectivity scheme, amid rising domestic air traffic.

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AAI Chairman Sanjeev Kumar said the organisation surpassed the capital expenditure target at around Rs 5,250 crore in the fiscal ended in March 2024.

In 2023-24, the turnover is expected to be around Rs 15,000 crore and the profit before tax at Rs 5,000 crore, which will be the "highest ever in our history," Kumar said.

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He was speaking at the 29th annual day of the AAI.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)