Delhi Airport EBITDA up 45% in 3QFY2012

India’s GMR Infrastructure reported (08-Feb-2012) the following financial highlights for Delhi Airport for three months ended 31-Dec-2011:

• Gross revenue: USD75.7 million, +9% year-on-year;
  • Aero: USD22.9 million, -9%;
    • Landing and parking: USD16.3 million, -11%;
  • Non-aero: USD42.7 million, +30%;
    • Duty free and other retail: USD11.1 million, +49%;
    • Fuel farm: USD6.3 million, +9%;
    • Car park: USD5.9 million, +42%;
• EBITDA: USD10.5 million, +45%;
• Profit (loss) after tax: (USD24.6 million), compared to a loss of USD18.0 million in p-c-p;
• Passenger numbers: 10.0 million, 29%;
• Cargo volume: 119,280 tons, -5%;
• Aircraft movements: 82,840, +19%. [more – original PR]

*Based on the conversion rate at USD1 = INR49.15

You may also be interested in the following articles...

• CAPA India Outlook 2012/13: Critical uncertainty prevails. Possible Air India shutdown
  23-May-2012

  Indian aviation is facing its most uncertain phase in more than a decade. After reporting an estimated record loss of just over USD2 billion[1] in the 12 months ended 31-Mar-2012, India’s airlines are facing an equally challenging year ahead. Weak balance sheets, increasing costs, regulatory uncertainty, a sluggish Indian economy and a difficult global environment will continue to pile the pressure on airlines, especially the poorer performing carriers. However, this may in turn create market opportunities to exploit for those that are better positioned. Some of the key highlights of the CAPA India Outlook 2012/13, to be released on 31-May-2012, include:

  - Indian domestic capacity growth of 7-8% in FY2012/13, traffic to grow 8-10%

  - India’s airlines expected to post a combined loss of USD1.3-1.4 billion

  - Jet Airways to prosper; major aircraft order expected

  - Kingfisher Airlines revival dependent on foreign airline investment

• Heavy losses for Kingfisher Airlines, Jet Airways and SpiceJet in challenged Indian aviation sector
  28-Feb-2012

  The challenges continue in India’s aviation sector with the country’s three-listed carriers – Kingfisher Airlines, Jet Airways and SpiceJet – posting losses in the three months ended 31-Dec-2011 (3QFY2012), traditionally the strongest quarter for Indian carriers, marking four consecutive quarters in the red.

  Kingfisher Airlines, as expected, posted the heaviest loss among the listed carriers in what was a tough quarter for India’s aviation sector as a whole.

  Government-owned Air India is also heavily loss-making. SpiceJet, while also feeling the pain, is better placed than some of its rivals, while unlisted IndiGo is likely to be the sole profitable carrier in the current fiscal year.