Adani Airport Handles One Million Tonne Cargo In FY24, Logs Impressive 7% Growth

Adani Airport Holdings Ltd. recorded a 7% growth on-year in cargo handled to cross the one-million-tonne mark last fiscal, a company statement said.

The company handled 10.13 lakh metric tonne of cargo in the financial year concluded March 2024, capturing over 30% market share. In the previous fiscal, the total cargo tonnage handled stood at 9.45 lakh metric tonne.

"This achievement solidifies our position as key facilitators in both international and domestic airfreight operations in India," said Adani Airport Chief Executive Officer Arun Bansal.

During the fiscal under review, 65% of the cargo handled by Adani Airport was international. International cargo tonnage amounted to 6.62 lakh metric tonnes, marking 9% growth in annual terms.

The cargo operations were driven by commodities, including automobiles, pharmaceuticals, perishables, electricals, electronics, and engineering goods. Germany, Netherlands, the UAE, the UK and the US were the major international destinations serviced during the quarter.

Key highlights from previous fiscal:

• Mumbai international airport witnessed the highest recorded volumes for the fiscal year in March 2024.

• Challenge Group, CMA CGM Air Cargo, Air Pace, Kenya Airways, Indigo and Uganda Airlines added as freight operators.

• SACT at Mumbai implemented 100% virtual account usage by trade partners, taking a major step towards digitisation in domestic cargo operations.

• Sardar Vallabhbhai Patel International Airport successfully handled Indigo's first A320 neo freighter on 18 May, 2024.

• International cargo operations at Chaudhary Charan Singh International Airport achieved the highest-ever volume of 700 tonnes in March 2024.