Kannur International Airport Ltd (KIAL)

Kannur International Airport (IATA: CNN) is located in Kannur, Kerala, India. It’s a major airport in the state of Kerala and is operated by Kannur International Airport Limited (KIAL). Here’s an overview of the airport and its financial information:

Kannur International Airport Limited (KIAL) is a public limited company, but it is not listed on any stock exchanges. Instead, it is a public-private partnership with shares held by various stakeholders including government entities and private investors. Here is an overview of the shareholding and related details:

Shareholding Structure

1. Government Stake: Various state and central government entities hold significant shares. For example:
   • Government of Kerala: The Kerala state government holds a substantial portion of the shares.
   • Airports Authority of India (AAI): AAI, which is a central government organization, also has a stake in the airport.
2. Private Sector Stakeholders:
   • Various Private Investors: Private companies and individuals have also invested in the airport, making up a portion of the ownership.

Share Information

• Unlisted Status: Since KIAL is not listed on any stock exchange, its shares are not publicly traded. This means there is no market price available for its shares, and its financial performance is not subject to the same level of public scrutiny as listed companies.
• Financial Reporting: As a public limited company, KIAL is required to submit annual financial reports and statements. These reports would include information on revenue, expenses, profitability, and other financial metrics, but these reports are usually not available on stock market platforms. You may access them through the company’s official website or contact the company directly for specific details.
• Investment and Funding: The airport’s funding came from a mix of equity from stakeholders, loans, and other financial instruments. The initial investment was significant, and the project was financed through a combination of public and private contributions.

Overview

• Opening Date: The airport officially opened on December 9, 2018.
• Location: About 25 kilometers from Kannur city center.
• Runway: The airport has a single runway, which is 3,050 meters long.
• Terminals: There are separate terminals for domestic and international flights.
• Facilities: The airport offers various amenities including lounges, dining options, duty-free shops, and car rental services.

Financial Information

Financial details for Kannur International Airport may not be as readily available as those for more established airports, but here are some general insights:

• Investment: The construction of Kannur International Airport was a significant investment, estimated at around INR 2,500 crore (approximately USD 300 million).
• Revenue: The airport generates revenue through passenger handling, cargo operations, retail outlets, and other services. Specific revenue figures can fluctuate annually based on passenger traffic, cargo volume, and other factors.
• Growth: The airport has seen steady growth in passenger traffic since its opening, though exact numbers can vary year to year. It aims to increase connectivity, particularly for international routes, and boost its role in regional economic development.

Kannur International Airport (KIA) is an international airport located in Kannur, Kerala, India. It started operations in December 2018 and serves as a gateway to northern Kerala. As a public-private partnership (PPP) project, it is managed by the Kannur International Airport Limited (KIAL), which is jointly owned by the Government of Kerala, public sector banks, and private investors.

Since it is a private company and not publicly listed, the detailed financials are not as readily available as those of publicly listed companies. However, based on available reports, estimates, and trends, we will provide an indicative financial overview of Kannur International Airport in tabular form. These numbers are approximations based on available data and may not reflect the exact current figures.

Key Insights & Metrics:

1. Total Revenue:
   • Kannur International Airport’s revenue has been growing steadily post-opening in 2018. In FY 2022-23, the airport is estimated to have earned around INR 180-200 Crore (~USD 22-24 million), primarily from aeronautical and non-aeronautical sources (such as parking, retail, cargo, etc.).
2. Operating Profit (EBITDA):
   • EBITDA is a key indicator of operational efficiency. The airport is expected to have an EBITDA of INR 60-70 Crore (~USD 7-8.5 million) for FY 2022-23, which reflects improvement in operational performance after a challenging start and the impact of the COVID-19 pandemic on passenger traffic.
3. Net Profit/Loss:
   • Despite the growth in revenue, the airport has seen fluctuating profitability, with net losses in the earlier years due to high capital expenditure, interest costs on debt, and the pandemic. In FY 2022-23, Net Profit is estimated to range from INR 10-20 Crore (~USD 1.2-2.5 million), a positive sign of recovery.
4. Passenger Traffic:
   • Passenger traffic has been steadily increasing post-pandemic. In FY 2022-23, Kannur Airport handled approximately 2.5-3 million passengers. Growth is driven by increased flight services, especially to the Gulf region, and expanding routes.
5. Cargo Handling:
   • The cargo handling capacity has also increased. For FY 2022-23, cargo tonnage is estimated at 20,000-25,000 tonnes, which reflects the growing importance of the airport in logistics, especially for goods from northern Kerala.
6. Capital Expenditure (Capex):
   • The airport has been investing significantly in infrastructure and expansion. Capex is projected to be around INR 100-120 Crore (~USD 12-15 million) in FY 2022-23, focusing on terminal upgrades, additional runways, cargo facilities, and other improvements.
7. Debt and Capital Structure:
   • The airport’s total debt has been a major factor in its financial performance. As of FY 2022-23, the airport carries a debt of INR 1,200-1,500 Crore (~USD 150-185 million), with a debt-to-equity ratio of around 1.5:1. This indicates a high level of borrowing, but also a growing equity base from investors and the government.
8. Passenger Yield:
   • Passenger yield, or revenue per passenger, is a key metric for airports to measure profitability. For FY 2022-23, the airport is expected to earn INR 700-800 (~USD 8.5-10) per passenger, which is an indicator of effective pricing for services such as parking, retail, and other ancillary revenues.