Kannur International Airport Unlisted Share

Kannur International Airport Ltd is promoted by Government of Kerala primarily to cater to the travelling needs of the large NRI population in the region who travel frequently to various international destinations, the flourishing business community and tourists. This is the second greenfield airport in Kerala, built on Public Private Partnership model in an area of about 2,300 acres.

Kannur International Airport started its commercial operations on 9 December 2018, becoming the 4th international airport in Kerala, the only State in the country to have 4 international airports. As per the Information Memorandum prepared by SBI CAPS, the airport is expected to have an approximate annual traffic of 1.65 million international and 0.16 million domestic passengers in FY 2018-19.

Passenger Movement

Aircraft Movement

Future Plans

The Airport has been planned for development in phases on a modular basis to suit future requirements and also to minimize the initial investments so as to generate revenue at the earliest possible time. The greatest emphasis is being laid on access roads. The plan is to take up and complete the supporting infrastructure at the earliest.

1. Expansion of Runway - 4000 m
2. Expansion of Terminal Building - 2500 peak hour capacity
3. Apron expansion - Additional 24 bays
4. Rapid Exit Taxi 
5. International Cargo
6. Solar

Financial Insights

With a 37% increase in revenue and a remarkable 114% rise in EBITDA, the company demonstrated robust top-line growth and enhanced operational efficiency. Despite a decrease in profit before tax attributed to high finance costs and depreciation charges, the stability in profit after tax suggests effective management of expenses and tax obligations.

Industry Future Outlook

The Indian aviation sector is poised for significant growth, driven by several factors:

1. Rising disposable income: A growing middle class with more money to spend on travel will fuel demand for air travel.
2. Urbanization: As more people move to cities, air travel becomes a more convenient option for long-distance travel.
3. Government initiatives: The government's "Sagarmala" and "UDAN" schemes aim to develop coastal airports and improve regional connectivity, boosting regional airports.

Kerala, a major tourist destination and a state with a large diaspora, has its own reasons for airport growth:

1. Tourism boom: As Kerala's tourism sector flourishes, more airports will be needed to cater to the influx of visitors.
2. NRI traffic: The large Non-Resident Indian (NRI) population creates a steady demand for flights connecting Kerala to major destinations abroad.

Kannur International Airport Ltd (KIAL) Annual Report 2023-2023

Kannur International Airport Ltd (KIAL) Annual report 2018-2019

Kannur International Airport Ltd (KIAL) Annual Report 2019-2020