Hyderabad, Bengaluru airports figure in list of fastest growing airports

Hyderabad, Bengaluru airports figure in list of fastest growing airports

It is the only airport in India to make the top 20. That marks a 3.3 percent increase in passenger traffic.

While the number of passengers increased this year, airport officials reported a more than 6 percent decrease in cargo pounds shipped in August compared to shipments in August 2018.

On the other hand, if you talk about other airports, the number of passengers at the Bangalore airport increased from 29.1 percent to 3.23 crore a year ago.

Airports Council International's (ACI) latest World Airport Traffic Report says about 8.8 billion passengers passed through airports in calendar 2018, up 6.4 per cent a year ago.

After officials at Norfolk International Airport reported record-breaking numbers of passengers served in July, they've now said traveler activity is up in August as well. ACI World director general Ms Angela Gittens said, "India's move towards a more liberalised aviation market and the nation's strengthening economic fundamentals have helped it become one of the fastest-growing markets, with its traffic growing rapidly in a relatively short time".

In issuing its report, ACI also weighed in on growing protectionist policies in certain countries around the globe, stating that in ACI's view, protectionist policies, slowing global economy, and geopolitical tensions represent the most pressing downside risks over the near-term for continued growth. The airport was ranked 16th in 2017.

"Collectively, these airports achieved a year-over-year passenger traffic growth of 5.1 per cent in 2018, which is significant considering a large proportion of these airports are in the mature and capacity constrained markets of North America and Europe", Gittens said.

As regards total cargo volumes, the top five airports - Hong Kong International Airport, Memphis International Airport, Shanghai Pudong International Airport, Incheon International Airport, and Ted Stevens Anchorage International Airport respectively - all held their positions from the previous year.

The greenfield airport, India's second fastest growing airport in the more than 15 million passengers per annum category, was originally built to cater to 12 MPPA and is now being expanded to handle 25 MPPA and 3 LTPA of cargo.



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