Airports Authority of India - Cargo volumes show signs of bottoming out, while pax remains weak

Airports Authority of India (AAI) reports total cargo volumes declined 3.6% year-on-year in Apr-2009, as domestic cargo volumes began to recover, increasing by 0.2%. Even the slight increase in domestic cargo volumes may be a sign of reaching the bottom in Dec-2008. International cargo volumes were down 5.3% year-on-year in Apr-2009. However, there are also signs of the decline in international volumes bottoming in Feb-2009. [978 words]

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This report contains the following subheadings:

• Seeking to raise development funds through issue of bonds
• Reports status of non-metro airport projects
• SITA contracts awarded
• AERA to become operational this month
• Ground handling policy delayed for second time

This report contains the following charts and tables:

• Indian Airports freight traffic by international and domestic: May-2008 to Apr-2009
• Indian Airports passenger traffic by international and domestic: May-2008 to Apr-2009
• Indian Airports aircraft movements by international and domestic: May-2008 to Apr-2009
• AAI completed airport projects
• AAI works in progress