Delhi’s IGI is world’s fastest growing major airport
NEW DELHI: The Indira Gandhi International Airport (IGIA), which handled 63.5 million passengers in 2017, putting it on the list of the 20 busiest airports in the world, was also the fastest growing major airport over the last four years, according to an internal report by Delhi International Airport Limited (DIAL).
The report, based on data from Airports Council International (ACI), the global body that monitors airport traffic, puts Delhi’s compound annual growth rate (CAGR) between 2014 and 2017 at 14.3%.
This the highest among airports handling at least 40 million passengers per annum, comfortably ahead of Incheon, South Korea (10.5%), Pudong Shanghai,
China (10.4%), and Dubai, UAE (7.4%).
In 2017, the Delhi airport registered a 12.3% growth in passenger traffic as against 21% in 2016.
This suggests IGIA is slowly hitting a plateau. But DIAL has said in the report that this was expected and predicted that traffic will reach 95 million in 2023
because the airport’s expansion plan is on schedule.
Delhi airport’s passenger traffic growth was 8.3% in 2014 – in fourth place behind Pudong, Incheon and Istanbul’s Atatürk airport.
“Delhi airport has become the fastest-growing hub airport on passenger traffic. Since 2014, it has been is among the top three in the world in passenger traffic growth each year. Delhi airport registered the highest growth of 21% in 2016 as against global annual average passenger growth of 6.5%.
This is because of huge domestic passenger growth, which is almost 20% in the last five years. There is more than 10% growth in air traffic movement,” said a senior DIAL official who asked not to be named.
“After rising for three years, the growth rate was expected to come down because most airports that handle over 70 million passengers grow less than 10% per annum,” the official added.
In the report, seen by HT, DIAL has said 12 new scheduled airlines and more than 10 international sectors have been introduced over the last four years.