GMR Airports July Business Update: Passenger Traffic Remains Stable

Key Highlights GMR Airports reported a largely stable passenger traffic performance in July, with overall passenger traffic growing marginally YoY. International traffic recorded growth, while domestic traffic and aircraft movements remained slightly lower. Business Update • Total Passenger Traffic: 9.3 Mn Pax, up 0.4% YoY. • Domestic Passenger Traffic: 6.9 Mn Pax, down 0.1% YoY. • International Passenger Traffic: 2.4 Mn Pax, up 2% YoY. • Aircraft Movements: 58,314, down 1.5% YoY. What It Means • Overall passenger traffic remained broadly stable, with 0.4% YoY growth. • International passenger traffic outperformed domestic traffic, growing 2% YoY. • The marginal decline in domestic traffic indicates relatively stable domestic passenger volumes. • Lower aircraft movements despite stable passenger traffic is an important operating metric to monitor. Market Impact Impact: Neutral Passenger traffic remained broadly stable, with modest overall growth supported by international traffic. However, the decline in aircraft movements and marginal weakness in domestic traffic suggest limited near-term acceleration in airport activity. Learning Outcome Passenger Traffic is a key operating metric for airport businesses because it indicates the volume of travellers using their facilities. Investors also track aircraft movements, as airport revenue can be linked to both passenger volumes and flight activity. $GMRAIRPORT