Revenue of Bajpe airport goes up

Mangalore: A year after it came out of the red, Mangalore airport of the Airports Authority of India (AAI) at Bajpe made a remarkable operating profit in 2007-08. It made an operating profit 10 times more than what it was in 2006-07.
Its operating profit in 2007-08 stood at Rs. 8.61 crore whereas in 2006-07 it was Rs. 83 lakh, M.R. Vasudeva, director of the airport, told The Hindu.
The airport's revenue and expenditure in the last financial year stood at Rs. 19.50 crore and Rs. 10.89 crore, respectively, he said.
When net profit is worked out by the auditors, it could be slightly lower than the operating profit which did not account for depreciation and rate of return, he added.
He attributed the growth in the operating profit to increase in traffic and non-traffic revenue. Traffic revenue came from aircraft movements in the form of route navigation, landing and parking charges. Non-traffic revenue constituted revenue earned from renting out its terminal building premises to airline operators, from hoardings and display advertisements, snack bar, car park, travel requisite stall, restaurant and the like.
16/04/08 Mangalorean.com

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Categories: Airports Apr 2008