Chandigarh Airport incurs ₹40 crore loss in 4 months, 90% drop in footfall - News Summed Up

Chandigarh Airport incurs ₹40 crore loss in 4 months, 90% drop in footfall


chandigarhUpdated: Aug 21, 2020 23:52 ISThillaryvictor@hindustantimes.comEven though domestic flights resumed at Chandigarh International Airport from May 25, it incurred Rs 40 crore losses due to the Covid-19 lockdown and a 90% drop in footfall, airport authorities said on Thursday. Ajay Bhardwaj, chief executive officer (CEO) of the Airport, said, “We have suffered a loss of around Rs 40 crore in the past four months as we are losing Rs 8.5 crore every month. The airport earns most of its revenues under the aeronautical category, whereby it charges Rs 800 per passenger from the airlines. Chandigarh Airport was earning around Rs 90 lakh per month from the shops as rent, but since March 25 no rentals had been paid. A senior Air India official said, “Since the past four months we have been operating flights with 50% occupancy and sometimes 30%.


Source: Hindustan Times August 21, 2020 18:22 UTC



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