GMR shrugs off Iran war drag on Delhi airport, bets on long-haul India aviation boom

Delhi IGIA traffic dip is transfer-heavy and short-term, GMR says, projecting 7.9 crore FY26 pax against 10.5 crore capacity. Operator is doubling down with a 1 crore sq ft cargo city (FedEx onboard), automated people mover, and dismisses Noida airport threat citing lower tariffs.

— Source publishedSun, 24 May, 2026, 18:09 IST·First seen Sun, 24 May, 2026, 18:25 IST·Source ET Small Business

What happened

GMR Airports · GMR says Iran war's hit to Delhi airport traffic is short-term and transfer-heavy. It is bullish on India aviation, expanding cargo (1 crore sq

Key facts

  • 2.2 lakh pax/day
  • 10.5 crore annual capacity
  • 7.9 crore FY26 pax
  • 1,700 ATM/day
  • 1 crore sq ft cargo city
  • VAT on ATF 7%

Why this matters

Lock airside concessions and cargo-city adjacencies at Delhi IGIA now while traffic is soft and Noida competitive threat is being underpriced by the operator.