GMR Airports handles 121.6 mn passengers in FY26, hits record high
GMR Airports reported a 5% YoY decline in April 2026 traffic to 9.83 mn passengers due to geopolitical issues. However, FY26 annual traffic hit a record 121.63 mn, a 0.9% increase, driven by domestic growth. Delhi and Hyderabad airports achieved record cargo volumes, while Bhogapuram airport neared completion.
*this image is generated using AI for illustrative purposes only.
GMR Airports Limited has released its monthly traffic update for April 2026, reporting a total of 9,831,163 passengers across its airports, excluding Cebu. This figure represents a 5.0% year-on-year decrease from the same period in the prior year. The decline was primarily influenced by ongoing geopolitical instability in the Middle East and temporary airspace disruptions. Despite the monthly dip, the company maintained sustainable traffic levels, with monthly passenger numbers consistently remaining around the 10 million mark since October 2025.
For the fiscal year 2026, GMR Airports achieved a significant milestone by handling 121,629,825 passengers, the highest annual traffic recorded in its history. This represents a 0.9% growth year-on-year. The performance was driven by record domestic passenger traffic, which reached 92 million, up 0.6%, and international passenger traffic, which grew by 1.7% to 30 million. The company's long-term growth vectors remained robust, with a five-year compound annual growth rate (CAGR) for total passengers at approximately 8.5%.
Operational Performance by Airport
The operational data reveals varying performances across different airports. Delhi Airport maintained its position as the largest hub, handling 6,652,190 passengers in April 2026, a marginal decrease of 0.3%. For the full fiscal year, Delhi recorded 78,701,971 passengers. Hyderabad Airport saw a steeper decline in monthly traffic, down 15.1% to 2,250,121 passengers, though it achieved its highest-ever annual traffic of 30,486,531 passengers in FY26. Mopa (Goa) continued its growth trajectory, with April traffic rising 5.3% to 392,652 passengers and annual traffic increasing 15.2% to 5,368,290 passengers.
| Airports | April 2026 Traffic | YoY Change | FY2026 Traffic | YoY Change |
|---|---|---|---|---|
| Delhi | 6,652,190 | -0.3% | 78,701,971 | -0.7% |
| Hyderabad | 2,250,121 | -15.1% | 30,486,531 | 3.4% |
| Mopa (Goa) | 392,652 | 5.3% | 5,368,290 | 15.2% |
| Medan (Indonesia) | 536,200 | -17.4% | 7,073,033 | -1.4% |
| Total (Excl. Cebu) | 9,831,163 | -5.0% | 121,629,825 | 0.9% |
Aircraft Movements and Cargo
Aircraft movements across the portfolio totaled 62,788 in April 2026, a decrease of 1.6% year-on-year. Delhi Airport recorded 40,297 movements, up 4.4%, while Hyderabad reported 15,602 movements, down 13.4%. For the full year, total aircraft movements reached 756,948, reflecting a 2.3% increase. Delhi Airport set a new record for aircraft movements in FY26, handling 459,537 movements.
Cargo operations demonstrated strong resilience and growth. Delhi Airport solidified its status as India's largest cargo handling airport by processing approximately 1.15 Million Metric Tonnes (MMT) of cargo in FY26, a 3.5% increase. This marked the third time the airport crossed the 1 MMT mark. Hyderabad Airport also achieved a new milestone, handling its highest-ever cargo volumes of approximately 1.87 Lakh Metric Tonnes in FY26, up 8.0% year-on-year.
Strategic Developments and Rankings
The company highlighted several strategic advancements and recognitions during the period. Delhi Airport improved its global ranking in the Skytrax World's Top 100 Airports 2026, moving to the 28th position from 32nd in 2025. It was also ranked as the 10th busiest global airport by seats and the busiest in India by domestic departing seats. Hyderabad Airport improved its global rank to 43rd from 56th in the previous year. Additionally, the Bhogapuram International Airport project in Visakhapatnam achieved 99.2% overall progress as of April 30, 2026, with completion planned for June 30, 2026.
Historical Stock Returns for GMR Airports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.21% | -4.04% | +1.76% | +0.96% | +10.25% | +284.06% |
How might the resolution or escalation of Middle East geopolitical tensions impact GMR Airports' international traffic recovery trajectory at Delhi, Hyderabad, and Mopa airports in the coming quarters?
What revenue and tariff implications could AERA's determination of Hyderabad Airport's 4th Control Period tariff (covering FY2027–FY2031) have for GMR Airports' long-term profitability?
How is GMR Airports planning to leverage Bhogapuram Airport's launch in June 2026 to capture the growing aviation demand in Andhra Pradesh, and what airlines have committed to inaugural routes?
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