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The RGI Airport (IATA: HYD, ICAO: VOHS) reached a significant milestone on March 30th. This went largely unnoticed by social and mainstream media. The airport became the fourth in the country to serve 25 million or more passengers in a single financial year. The remaining three are Delhi, Mumbai, and Bengaluru. The airport began operations on March 23, 2008, and has been essential in implementing new cost-cutting and growth management strategies. One of them was having a dual-use taxiway that doubles as a runway and allows the airport to operate even during runway repair without being closed, as other airports do. You can discover the greatest and most recent offers on reasonably priced and cozy international flights if you’re looking for cheap flights to India from Canada.
During expansion, the airport had a temporary departure terminal for foreign flights to ensure that it could accommodate the rising domestic population. The airport also serves as a basis for GMR’s maintenance and repair operations, as well as its training institute. At the end of February, Hyderabad had received 22,828,262 passengers in the previous eleven months. This was a 20% increase over the previous financial year. Cirium’s 2023 On-Time Performance (OTP) Review placed the airport second, with an OTP of 84.42%.
The airport now sees operations from a maximum of ten domestic carriers, which it shares with Bangalore Airport. In late February, Hyderabad Airport has connections to nineteen foreign and sixty-six domestic locations. The airport experienced a significant increase in both aero and non-aero revenue. Let’s see the stats, aero revenue increased by 51% year on year and non-aero income increased by 18% year on year. You can also check the Cheap business class tickets as it will provide multiple options for travel.
The airport is the fourth busiest in India in terms of domestic traffic. It is the fourth busiest overall. However, the airport has received less foreign traffic than Chennai, Bengaluru, and Kochi. If you want to look for different affordable flight options, visit Tripbeam.com for cheap flight tickets from Canada to India.
A move into the next category, breaking through the psychological barrier of 25 million, will help the airport attract more flights. It has lost Air India’s southern hub to Bengaluru, but everything’s not lost yet. The airport’s enhanced status will help it attract more carriers. Lufthansa recently returned after a decade, with increased frequency even before operations began. IndiGo accounts for over 65% of all domestic operations in Hyderabad, with LCCs accounting for 87% of total operations. Both Air India and Vistara have a small presence, around 6% apiece.
The airport handled 21 million passengers a year. It is a 10-year CAGR of 9.7% for passengers and 5.9% for cargo. The airport’s capacity will currently be 36 million passengers. It has an eventual capacity of 80 million people. For comparison, Delhi, India’s main airport, handled 65.3 million passengers last fiscal year. The Hyderabad airport has a vast landbank ready for expansion.
In contrast to Bengaluru, the airport has not changed hands, resulting in steady management and perspective. With capacity available on both the airside and passenger sides once the new extended terminal is completed, airlines can anticipate making a beeline for Hyderabad due to a dearth of alternatives, particularly in Mumbai and Delhi. Will passengers keep up with the increase and help airlines fill planes at reasonable prices? Book cheap flight tickets to India from Canada with Tripbeam and enjoy a wonderful holiday.
Also Read: 5 Reasons Why Hyderabad Is A Perfect Weekend Getaway!
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