Chennai airport registers steep decline in profit

Sources said that the drastic dip in the profits at Chennai airport is because user development fee for international terminals had to be slashed after Airports Economic Regulatory Authority (AERA) barred the airport from collecting user fee when the new international arrival terminal was lying unused. This affected its revenues in subsequent years.

from Chennai News: Latest Chennai News Headlines & Coronavirus News Updates from Chennai - Times of India https://ift.tt/3vYYpil