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GMR Airports Limited (GAL) reported a strong financial performance in FY26, with total income rising 40 percent year-on-year to ₹152.01 billion, driven by record passenger traffic, expanding cargo operations, and improved airport infrastructure. The company also posted a profit after tax (PAT) of ₹4.72 billion, marking its first full-year profit in more than a decade.
A key contributor to the growth story was the company’s cargo business, which continued to gain momentum despite broader geopolitical disruptions affecting global air freight networks. Industry data indicates that India’s air cargo sector remained resilient through FY26, supported by rising international trade, e-commerce shipments, pharmaceuticals, and perishables moving through major airport hubs.
GMR strengthened its cargo footprint during the year by securing the concession to operate and modernise Cargo Terminal 1 at Delhi Airport. The company had already been managing the facility on an interim basis since May 2025, ensuring operational continuity while preparing for long-term expansion. At Hyderabad Airport, GMR commissioned the new Cargo Terminal 2 in May 2026, adding an initial handling capacity of 50,000 metric tonnes annually, with scope to double throughput in the future. The facility includes a dedicated temperature-controlled zone for pharmaceutical and perishable cargo, two of the fastest-growing air freight segments.
The infrastructure investments translated into higher cargo volumes across GMR’s airport network. Delhi Airport handled a record 1.15 million metric tonnes of cargo during FY26, reinforcing its position as India’s largest air cargo gateway. Hyderabad Airport also achieved its highest-ever annual cargo throughput at approximately 187,000 metric tonnes, reflecting growing demand from exporters, manufacturers, and logistics providers.
Beyond cargo, GMR Airports handled a record 121.6 million passengers during FY26 across its portfolio, underscoring the continued recovery and expansion of India’s aviation sector. Strong traffic growth, combined with improved operational efficiencies and increasing non-aeronautical revenues, helped drive EBITDA up 47 percent to a record ₹61.5 billion.
The company’s flagship assets also delivered robust performances. Delhi Airport recorded significant earnings growth and returned to profitability, while Hyderabad Airport posted its highest profit since FY20. Both airports benefited from higher passenger traffic, growing cargo volumes, and enhanced commercial activity.
As India’s air cargo market continues to expand, airport operators are increasingly investing in specialised freight infrastructure to capture growth opportunities.
𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
India’s air cargo operations have grown by nearly 40% in recent years, according to Civil Aviation Minister K. Ram Mohan Naidu, as the government looks to expand dedicated freight infrastructure and strengthen the country’s logistics network. Naidu said the government is working to develop air cargo hubs and facilities to international standards, reflecting the growing role of air freight in India’s wider logistics and trade infrastructure. A key development is planned at Delhi airport, where FedEx and GMR Airports have entered into a partnership to establish a dedicated air cargo facility. The project is expected to add specialised capacity for freight handling at one of India’s major aviation gateways. The increase in cargo volumes comes as India’s logistics sector handles rising demand for faster movement of high-value, time-sensitive and international shipments. Air freight is particularly important for sectors such as pharmaceuticals, electronics, engineering goods and other products where transit time is a significant consideration. The government’s focus on dedicated cargo infrastructure also points to an effort to separate freight-handling requirements from the operational demands of passenger aviation, while improving the efficiency of cargo processing and connectivity. Naidu’s comments come amid broader efforts to strengthen India’s aviation and logistics infrastructure. The government has been seeking greater integration of air transport with the country’s wider logistics network as trade and manufacturing activity expand. The reported growth in air cargo activity and planned investments in dedicated facilities indicate that freight capacity is becoming an increasingly important component of India’s aviation infrastructure. However, the effectiveness of the expansion will depend on how efficiently new cargo facilities are integrated with road, rail, customs and other parts of the supply chain. Follow CARGOCONNECT for more such updates
Munich Airport has reinforced its long-standing Sister Airport partnership with Japan's Chubu Centrair International Airport (Centrair), hosting a high-level delegation for a multi-day knowledge exchange focused on innovation, operational excellence, digital transformation and future airport development. The delegation, led by Centrair President & CEO Hironori Kagohashi, was welcomed by Munich Airport CEO, Jost Lammers as both airports reaffirmed their commitment to strengthening international collaboration and sharing best practices across airport operations, passenger services and commercial development. Highlighting the significance of the partnership, Lammers said that by sharing experiences and learning from one another, we can jointly develop innovative solutions, enhance operational excellence and continuously elevate the travel experience for our passengers. The partnership between Centrair and Munich Airport is a strong example of how airports can create value through international cooperation and prepare airports for the future. A key component of the visit was an extensive workshop programme hosted by the Munich Airport Academy, where specialists from both airports discussed a broad range of strategic priorities. Among the topics were long-term capacity planning, Munich Airport's planned extension of the T-shaped pier at Terminal 2, and strategies to efficiently manage seasonal traffic peaks and demand associated with major international events. The discussions also focused on preparations for the 2026 Asian Games in Aichi-Nagoya, which are expected to generate substantial passenger traffic across the region. Both airports explored operational planning approaches to maintain service quality while accommodating increased travel demand. Commercial strategy also formed part of the agenda, covering airport advertising, media and parking business models, alongside commercial opportunities linked to infrastructure expansion projects. Innovation in airside operations featured prominently during the exchange. Munich Airport shared updates on its autonomous cargo transport testing activities, reflecting the growing role of automation in enhancing logistics efficiency and airside operations. In return, Centrair presented progress on its Smart Ramp initiative, including the deployment of autonomous vehicle technologies designed to improve safety, productivity and operational performance. Digital transformation was another central theme, with experts comparing automated passenger processing systems and Fast Travel solutions aimed at streamlining airport operations. The exchanges highlighted how automation, digitalization and intelligent infrastructure can help airports improve throughput, optimize resources and deliver a more seamless passenger journey. Therefore, this collaboration underscores the value of the Sister Airport network, an international alliance that includes Munich Airport, Denver International Airport, Chubu Centrair International Airport, Airports of Thailand (Bangkok), Singapore Changi Airport, Beijing Capital International Airport and Airports Company South Africa. By leveraging collective expertise, member airports continue to develop innovative solutions that support sustainable growth, operational resilience and the evolving needs of global aviation, air cargo and passenger mobility. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Lufthansa Cargo reported a 47% year-on-year increase in adjusted EBIT for the first half of 2026, reaching €199 million, as stronger cargo demand and higher network capacity supported improved financial performance. Revenue also increased 16% during the period. The cargo carrier benefited from continued demand across key international markets while expanding available freight capacity through the broader Lufthansa Group network. The company said improved operational performance and network optimisation contributed to the earnings growth. During the first half, Lufthansa Cargo also advanced strategic initiatives under its LCCevo and GlobeCross programmes, which are focused on operational efficiency, digitalisation and network development. The company indicated that both programmes achieved key milestones during the reporting period. Despite the strong cargo performance, the wider Lufthansa Group has highlighted continued uncertainty in the aviation sector due to geopolitical developments, fuel price volatility and broader market conditions. These factors remain potential risks for airline profitability during the remainder of the year. Follow CARGOCONNECT for more such updates.
