The Begumpet Airport and two non-operational airports at Warangal and Nadirgul have incurred losses for the Airports Authority of India (AAI) in the four-year period from 2014-15 to 2017-18. The AAI’s three airports in Telangana state and five in Andhra Pradesh have incurred large financial losses.
The airports at Begumpet, Warangal and Nadirgul are operated by the AAI apart from those at Tirupati, Visakhapatnam, Vijayawada, Kadapa, and Rajamundry in Andhra Pradesh.
The Begumpet airport, which caters to non-commercial air traffic like chartered flights and VIP flights, has made a loss of Rs 31.94 lakh in financial year 2014-15, while the annual loss in the previous two years was only Rs 70,000.
A senior official of AAI attributed the losses to “less air traffic operations resulting in less aeronautical revenue. Because of no or fewer operations, there is no aeronautical revenue potential.” Read More