Great news for deal-seeking shoppers: Amazon Prime Day is here once more. The annual two-day savings event includes the retailer's best deals of the year, with sales on everything from luggage and electronics to home goods and shoes. This year, Prime Day began Tuesday, July 16, and runs through today, July 17. Whether you've got a wish list ready or are new to the retail giant's mega-deals, we've put together a quick rundown of everything you need to know to make the most of this July's Amazon sale—including editor-recommended favorites to consider adding to your travel gear haul. Keep scrolling for a complete breakdown of Prime Day and our top picks of the best deals for travelers to shop now.
Adani Airports Now Has a Timeline for Its IPO: What We Know About the Business
27.06.2024 - 21:27 / skift.com / Bulbul Dhawan
Adani Enterprises is planning to list its airport business — Adani Airport Holdings — by fiscal 2028, according to media reports that quoted Jugeshinder Singh, the group’s chief financial officer.
The company controls more than 50% of top 10 domestic routes, and it accounts for close to 25% of the air traffic in India.
The conglomerate runs seven airports and, in March 2025, expects to start operations at the Navi Mumbai International Airport — its second airport in the Indian financial capital of Mumbai.
According to reports, the group is also looking to invest around INR 1,750 billion ($21 billion) in its airport business over the next 10 years.
Adani Airport Holdings is a subsidiary of Adani Enterprises. In its investor presentation for fiscal 2024, the Adani group shared that it has 3 diversified revenue streams — aero business driven by passengers; non-aero business driven by duty free, food and beverages and other facilities within the airport; and city-side development business, which involves real estate development around airports. Here’s what we know about the vertical:
India is now the third-largest domestic aviation market, after the U.S. and China, according to data by aviation analytics firm OAG.
The airport industry is expected to have a robust financial year. Ratings agency ICRA has projected a revenue growth of 15-17% for Indian airport operators in the 2024-25 fiscal. The overall air passenger traffic in India in 2024-25 is expected to grow by 8-11%, with 407 million to 418 million air passengers.
According to ICRA, factors such as improvement in domestic and international passenger traffic, increase in tariffs at some of the major airports, and ramp-up in non-aeronautical revenues are going to drive growth in revenue for airport operators.
Vinay Kumar G, vice president and sector head — corporate ratings of ICRA, said, “The recovery in the Indian airport passenger traffic is one of the best compared to other major global counterparts. India accounted for 4.2% of the global passenger traffic in 2023.”
Meanwhile, credit ratings agency CRISIL Ratings has estimated that the revenue of private airports will increase by 30% in the ongoing financial year.
“An expected increase of 10% in passenger traffic on the high base of fiscal 2024, combined with capital expenditure-linked tariff hikes, and rising non-aeronautical revenue per passenger, will help grow the revenue of leading private airport operators,” the agency said.
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