Belagavi airport which is run by the Airports Authority of India (AAI) have incurred a loss of Rs. 34.39 Crores from 2010-11 to 2013-14. For the same period Hubballi airport incurred a loss of Rs.19.65 Crores, Mangluru Rs.88.48 Crores, Mysuru Rs.47.48 Crores.
In 2010-11 Belagavi airport incurred a loss of Rs.9.05 Crores
In 2011-12 Belagavi airport incurred a loss of Rs.9.24 Crores
In 2012-13 Belagavi airport incurred a loss of Rs.9.27 Crores
In 2013-14 Belagavi airport incurred a loss of Rs.6.83 Crores
The main reason for the losses is not enough air traffic to fetch revenues as per the AAI report.
Yes… its incurring losses, but u can see the trend.. losses are decreasing year by year….