Adani-operated SVP International Airport in Ahmedabad registers ₹408cr loss
The airport was generating profits before privatisation
Updated: Oct 29th, 2023
Ahmedabad’s Sardar Vallabhbhai Patel International Airport made it to the top of an unfortunate list of airports with the most losses that are operated under the public-private partnership (PPP). The airport has registered a loss of ₹408.51 crore in FY 2022-23, more than Delhi and Mumbai.
The profit-loss numbers for PPP-Operated airports were shared in Lok Sabha by the ministry of civil aviation, answering a question on the same.
Airport was profitable before privatisation
Notably, the privatisation of the SVP airport in Ahmedabad took place in 2020, and before that, the airport was profitable.
In the year 2019-18, the airport made a profit of ₹176.86 cr, which was ₹52.46 crore and ₹45.71 crore in 2019-19 and 2019-20 respectively.
| Financial Year | Profit/Loss (+/-) |
| 2017-18 | +176.86 cr |
| 2018-19 | +52.46 cr |
| 2019-20 | +45.71 cr |
| 2020-21 | Data not available |
| 2021-22 | Data not available |
| 2022-23 | -408.51 cr |
Same situation with other Gujarat airports
The Adani Group-operated airport is one of the many airports of Gujarat that are not profitable.
For FY 2022-23, Vadodara has registered a loss of ₹46.71 crore, for Surat, it was ₹37.99 crore, and for Rajkot, it was 21.93 crore.
| Airport | Loss in FY 2022-23 |
| Vadodara | -46.71 cr |
| Surat | -31.99 cr |
| Rajkot | -21.93 cr |
| Bhavnagar | -10.11 cr |
| Bhuj | -5.73 cr |
| Keshod | -3.81 cr |
| Kandla | -1.93 cr |
| Jamnagar | -0.41 cr |
PPP airports with most losses in India
For India, Delhi’s Indira Gandhi International Airport has registered the second-most loss in FY 2022-23, with ₹284.46 crore. Lucknow, Jaipur, Thiruvananthapuram, Guwahati, Mangalore, and Mumbai have also made it to the list.
| Airport | Loss in FY 2022-23 | |
| Ahmedabad | 408.51 cr | |
| Delhi | 284.46 cr | |
| Lucknow | 160.66 cr | |
| Jaipur | 128.52 cr | |
| Thiruvananthapuram | 110.15 cr | |
| Guwahati | 60.97 cr | |
| Mangluru | 15.98 cr | |
| Mumbai | 1.04 cr |
