GMR Airports Limited released its monthly traffic data for February 2026, showing resilient performance across its airport portfolio despite facing temporary operational challenges. The company served 10.26 million passengers in February 2026, marking a modest 0.3% year-on-year growth.

February 2026 Traffic Performance

The airport operator's performance in February 2026 demonstrated mixed results across its network. The updated passenger count of 10.26 million passengers was supported by domestic traffic of 7.7 million passengers, showing a 0.5% year-on-year increase, while international traffic reached 2.5 million passengers with a slight decline of 0.1% year-on-year.

Delhi Airport emerged as the standout performer, handling 6.96 million passengers with 3.6% growth, while maintaining its position as the network's largest hub. The airport achieved several operational milestones, including its highest-ever single day passenger traffic of approximately 258,000 on February 8, 2026.

Domestic vs International Traffic Breakdown

The latest data reveals the composition of GMR Airports' passenger traffic for February 2026:

Year-to-Date FY2026 Achievements

Despite temporary headwinds, GMR Airports achieved significant milestones in the year-to-date FY2026 period, crossing the 111 million passenger mark - the highest-ever YTD passenger traffic handled across its network.

The company highlighted record operational performance across multiple airports, with Delhi achieving highest-ever international passenger traffic and cargo volumes exceeding 1 million metric tonnes for the third time.

Airport-Specific Performance Insights

Delhi Airport Operations

Delhi Airport demonstrated resilience with consistent monthly passenger traffic of approximately 7.0 million since November 2025. The airport handled 71.7 million passengers in YTD FY2026, though this represented a 0.8% decline attributed to temporary disruptions from geopolitical events and runway upgrades.

Hyderabad Airport Growth

Hyderabad Airport achieved highest-ever annual performance metrics despite February's decline, handling 28.2 million passengers in YTD FY2026 with 4.9% growth.

Mopa Airport Expansion

Mopa (Goa) Airport continued its strong growth trajectory, handling 4.9 million passengers in YTD FY2026, representing 15.8% growth and achieving highest-ever operational performance since commencing operations.

Operational Challenges and Recovery

The company attributed traffic moderation to several factors including temporary disruptions from geopolitical events, airspace condition changes, and infrastructure upgrades at Delhi Airport. GMR Airports noted that despite these challenges, traffic has remained sustainably above 10 million passengers monthly since October 2025, demonstrating the resilience of its airport network and recovery in travel demand.

GMR Airports Limited has received the official Letter of Award (LOA) from Delhi International Airport Limited (DIAL) for the Delhi Cargo Terminal 1 concession at Indira Gandhi International Airport, New Delhi. The company announced this development under Regulation 30 of SEBI Listing Regulations, confirming its selection as the preferred bidder for this significant infrastructure project.

Contract Details and Financial Projections

The concession agreement covers the upgrade, modernization, financing, operation, management and maintenance of Cargo Terminal 1 at IGI Airport. The project operates on a revenue share payment model to DIAL for an initial period extending to 2036. The company expects the project to generate an estimated revenue share of ₹3.40 billion in the first full year of operations.

Background and Bidding Process

Following a directive from the Ministry of Civil Aviation, DIAL had terminated the existing cargo concession agreement with M/s Celebi and granted the concession to GMR Airports on an interim basis to ensure business continuity. DIAL subsequently initiated a competitive bidding process, where GMR Airports participated and emerged as the selected bidder.

Regulatory Compliance and Related Party Disclosure

The company has disclosed that this transaction constitutes a related party transaction conducted on an arms-length basis. The promoter and promoter group companies do not have any interest in the transaction beyond their indirect shareholding in both DIAL and GMR Airports Limited.

This contract award reinforces GMR Airports' position in India's aviation infrastructure sector and adds substantial revenue potential to its airport operations portfolio.