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Why did the Thiruvananthapuram airport tariff increase according to the Centre

Explore the reason behind the raising of the airport tariff in Thiruvananthapuram due to under-recovery during Covid-19 as stated by the Centre.
1. Under-recovery during Covid-19: The airport tariff in Thiruvananthapuram increased due to under-recovery experienced by the airport during the Covid-19 pandemic. 2. Financial losses: The airport faced financial losses as air travel was restricted and passenger numbers decreased significantly during the pandemic. 3. Revenue generation: The Centre approved the increase in tariff as a means to generate revenue to support the operations and infrastructure development of the airport. 4. Ensuring sustainability: The tariff hike was deemed necessary to ensure the sustainability and continuous functioning of the airport amidst the challenging economic circumstances brought about by the pandemic. 5. Regulatory approval: The increase in airport tariff was authorized by the Centre in alignment with regulatory guidelines and stakeholder consultation.
Answered 11 months ago
Arun Aspirants