In its annual report, CAPA India has highlighted key themes that are expected to shape the landscape of Indian airports in 2024. Here are some of the highlights;
Dominance of Two Principal Airlines: Indian airports will need to adapt to an environment where Air India and IndiGo emerge as the principal players holding strategic control in the aviation sector.
Aggressive International Route Development: The report anticipates a robust expansion of international routes, with Indian carriers leading the charge. This growth is expected to unlock valuable non-aero revenue opportunities for airports.
Potential Dual Airport Systems in Delhi and Mumbai: There is a possibility of the initiation of dual airport systems in both Delhi and Mumbai by the end of the year or shortly thereafter.
Impact of Supply Chain Issues on Capacity: The report underscores the potential serious impact of supply chain issues on airport capacity, urging stakeholders to address these challenges proactively.
Exclusive Terminal Access for Key Airlines: Competition among airports may intensify with the introduction of exclusive terminal access for key airlines, adding a new dimension to the aviation landscape.
Taxation on Aviation Turbine Fuel: The report notes that taxation on aviation turbine fuel will play a significant role in influencing competition among airlines and airports.
Resumption of Airport Privatization: Airport privatization is expected to resume, with a focus on Kolkata and Chennai airports. The inclusion of these airports will be pivotal in shaping the future of airport management.
Critical Importance of Second Airport in Chennai: The report emphasizes the critical role of progressing with plans for a second airport in Chennai, highlighting its importance to the state’s economy.
Greater Scrutiny on Economic Regulation of Airport Charges: Economic regulation of airport charges is expected to come under increased scrutiny, reflecting a growing awareness of the need for fair and transparent pricing practices within the industry.
For a comprehensive dive into the insights and details of the report, visit CAPA India for the complete analysis of the highlighted 2024 aviation trends.
