Kannur International Airport is the second greenfield airport setup in the public private partnership model in the civil aviation infrastructure sector in Kerala. It was commissioned on 9 December 2018, and it is the 4th international airport in Kerala, the only State in the country to have 4 international airports.

The strategic location of the airport makes it viable to transform it into an air cargo hub for the North Malabar region. This region is very popular amongst tourists and a major crowd puller (domestic & international) due to its landscape, pilgrimage & health infrastructure.

The company started generating operational revenue effective from 9/12/2018, which consists of Aero Revenue and Non-Aero Revenue. The component of aero revenue (user development fee, landing charges, parking charges, aerobridge charges etc) is Rs 3165.23 lakhs & components of non- aero revenue (space rental, concessionaire, utility charges) is Rs 1186.23 lakhs.

Financial Highlights (In Lakhs)

Description Mar-21 Mar-20 Mar-19 Mar-18
Revenue from Operations 4477.06 11589.8 1500.98 42
PBT -17936.8 -10886 -7890.97 -990.68
PAT -18499.7 -9503.86 -4696.26 -990.68
EPS -13.83 -7.37 -4.28 -0.99

The nominal value of share is INR 100 per share.

Revenue generated from Aero & Non-Aero


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The severe impact of the lockdown faced by the firm during the period of 2020-21 was reflected in the performance of the firm. Where revenue has taken a dip by almost three times from FY20 to register INR 44.77 crore. Also, the net loss for FY21 was INR 185 crore from the previous year’s net loss of INR 95 crore.

Passenger and Aircraft Traffic figures

Year Int Passengers Domestic Passengers Total Passengers
2018-19 92,008 1,37,586 2,29,594
2019-20 8,28,076 7,91,647 16,19,723
2020-21 3,04,285 1,87,238 4,91,523
2021-22 5,22,317 2,81,119 8,03,436
Year Int. Aircraft Domestic Aircraft Total Aircraft
2018-19 577 1456 2033
2019-20 5385 9738 15123
2020-21 2320 3923 6243
2021-22 4120 5641 9761

Market Outlook

Over the next decade, India will grow to have the largest population in the world, its economy will expand the fastest among the G20 nations, and a burgeoning middle class will spend more on air travel. As a result, passenger traffic in India will grow fast and is looking at exponential growth in every facet of the aerospace and aviation ecosystem.

India is already the third biggest domestic aviation market in the world and is progressing on the path to take a spot of third biggest aviation market overall. With the demand reaching new horizon & scheme like UDAN (Central Govt) added new routes in domestic market which simultaneously created a buzz in airline industry to add more fleets in their arsenal that will subsequently increase the growth. Apart from that direct international flights from major Gulf cities are playing a crucial role in reshaping of the KIAL.

BPCL-KIAL Fuel Farm Pvt Limited is only a joint venture company with BPCL. Kannur Airport holds 26% equity whereas BPCL holds 74% equity.


Shareholding Pattern of ten shareholders

Shareholder % of Share
BPCL 16.2
AAI 7.47
Federal Bank 1.87
Adeeb Ahamed 1.12
SBI 1.12
Mookkannur Service (Co-operative Bank) 0.82
Eloor Service Co-operative Bank 0.77
Canara Bank 0.75
Kerala State Industrial Development Corporation 0.75
Kerala State Beverages Corporation Limited 0.6

Key Personnel

Shri. Pinarayi Vijayan – Chairman (Current Chief Minister of Kerala)

Shri. M V Govindan Master - Director

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