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Top 10 busiest airports in the world by passenger traffic

On a sweltering Tuesday, over 25,000 job seekers reportedly descended upon <keyword id="19895282" type="General" weightage="20" keywordseo="Mumbai" source="keywords">Mumbai</keyword>’s Kalina for a walk-in interview hosted by <keyword id="22441082" type="General" weightage="20" keywordseo="Air-India-Airport-Services-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India Airport Services Ltd" meta.hostid="261" meta.entityid="Air India Airport Services Ltd">Air India Airport Services Ltd</keyword>. The company had advertised 2,216 vacancies for the handyman position, a role requiring various repair and maintenance tasks. Despite the limited number of openings, the sheer volume of <keyword id="20595636" type="General" weightage="20" keywordseo="applicants" source="keywords">applicants</keyword> led to chaos, highlighting the fierce competition for <keyword id="19898684" type="General" weightage="20" keywordseo="employment" source="keywords">employment</keyword> in the region. The scene outside the <keyword id="19930602" type="General" weightage="20" keywordseo="recruitment" source="keywords">recruitment</keyword> office quickly turned chaotic as thousands jostled for a chance at the job. To prevent a <keyword id="21446700" type="General" weightage="20" keywordseo="stampede" source="keywords">stampede</keyword>, officials asked applicants to submit their resumes and leave, promising to review all submissions and contact eligible candidates for further steps. Despite the physical demands of the job, including heavy lifting and operational tasks, the role's salary, ranging from Rs 20,000 to Rs 25,000 per month, with potential earnings exceeding Rs 30,000 through overtime, drew a massive crowd. <div type="Article" hostid="261" msid="111786792" title="Time for a govt job? Karnataka announces impressive 27% pay hike for state employees" mstype="2" mssubtype="0"></div>George Abram, General Secretary of the <keyword id="22441084" type="General" weightage="20" keywordseo="Aviation-Industry-Employees-Guild" source="keywords" meta.keywordsubtype="org" meta.entityname="Aviation Industry Employees Guild" meta.hostid="261" meta.entityid="Aviation Industry Employees Guild">Aviation Industry Employees Guild</keyword>, criticised the disorganised recruitment process. "People came for thousands of vacancies. They brought demand drafts, but we told them not to pay anything yet and that they would be called in later," Abram stated. He claimed that up to 50,000 job seekers might have turned up, though the official count was about 15,000. The incident underscores the acute joblessness and the desperate measures people are willing to take to secure employment, even in physically demanding roles. The minimum qualification for the positions was a 10th-grade pass, and the age limit was capped at 23 years. <h2>Similar instances in the past</h2>This chaotic scene in Mumbai is not an isolated incident. Similar situations have occurred in other parts of India, reflecting the broader employment crisis. On July 9, a comparable incident unfolded in Gujarat when around 1,000 people showed up for walk-in interviews conducted by a private firm for just 40 vacancies at Ankleshwar. The chaos resulted in the collapse of a ramp railing, though no injuries were reported. <div type="Article" hostid="261" msid="111789866" title="The top reasons job applicants say they ghost prospective employers in the hiring process" mstype="2" mssubtype="0"></div>In another instance, a video from Pune showed over 3,000 engineers lining up for a walk-in interview aimed at filling junior developer positions. The overwhelming response for approximately 100 vacancies highlighted the intense competition in the IT sector. These instances paint a grim picture of the employment landscape in India. The overwhelming response to job vacancies, whether in manual labour or skilled sectors, indicates a significant gap between job availability and the number of job seekers.

Mumbai job frenzy: 25,000 applicants show up for job interview with Rs 20,000 salary, cause stampede-like situation

The country's <keyword id="21969771" type="General" weightage="20" keywordseo="airport-industry" source="keywords">airport industry</keyword> is projected to report a <keyword id="20385116" type="General" weightage="20" keywordseo="profit-before-tax" source="keywords">profit before tax</keyword> of <keyword id="21969772" type="General" weightage="20" keywordseo="USD-1-3-billion" source="keywords">USD 1.3 billion</keyword> in the current financial year. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger in the fiscal ending March 2025, aviation advisory firm CAPA India said while giving projections at its <keyword id="21969773" type="General" weightage="20" keywordseo="aviation-summit" source="keywords">aviation summit</keyword> in the national capital on Friday. In the current fiscal, <keyword id="21969774" type="General" weightage="20" keywordseo="passenger-throughput" source="keywords">passenger throughput</keyword> at Indian airports is estimated to rise to 404.9 million. Out of the total, 81.1 per cent will be domestic and 18.9 per cent will be international traffic, it said. As per the report, the <keyword id="20006900" type="General" weightage="20" keywordseo="Airport-Authority-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Airport Authority of India" meta.hostid="261" meta.entityid="Airport Authority of India">Airport Authority of India</keyword>'s (AAI) profitability is likely to remain robust in FY2024 and FY2025. "The topline will grow due to an increase in aeronautical revenue along with the receipt of revenue share from the recently privatised six non-metro airports, without having to incur any expense associated with it - resulting in higher profitability," it added. The industry's profit before tax is expected to be USD 1.3 billion in this fiscal. "India's airport operators are forecast to register Rs 359.8 billion (USD 4.3 billion) in revenue for FY2025, representing a growth of 14.8 per cent y-o-y from FY2024," CAPA India said. Noting that airport infrastructure at metros and non-metros is ahead of demand, it said there is an ongoing USD 11 billion pipeline of investment, including in Tier 2 and Tier 3 airports. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/computex-2024-intel-debuts-lunar-lake-chips-with-focus-on-microsofts-ai-ambitions-for-pcs/articleshow/110745670.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/computex-2024-intel-debuts-lunar-lake-chips-with-focus-on-microsofts-ai-ambitions-for-pcs/articleshow/110745670.cms" target="_blank">Computex 2024: Intel Debuts Lunar Lake Chips With Focus On Microsoft’s AI Ambitions For PCs</a><a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms" target="_blank">May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms" target="_blank">Upcoming cars and two-wheelers launching in India in June 2024</a>

Airport industry to see profit before tax of $1.3 billion this fiscal

<keyword id="19915813" type="General" weightage="20" keywordseo="air-passenger-traffic" source="keywords">Air passenger traffic</keyword> in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period, rating agency <keyword id="19908266" type="General" weightage="20" keywordseo="Icra" source="keywords" meta.keywordsubtype="org" meta.entityname="Icra" meta.hostid="261" meta.entityid="Icra">Icra</keyword> said on Thursday. Surpassing the pre-Covid level by 10 per cent, the traffic reached 376.4 million in the fiscal ended March 2024. In a report, Icra said the overall traffic is expected to see a healthy growth of around 8-11 per cent year-on-year to around 407-418 million in FY2025, supported by strong pick-up in both leisure and business travel, improving connectivity to newer destinations in the domestic segment and the continued uptick in international travel. Indian airport operators' revenue is anticipated to grow 15-17 per cent on an annual basis in the current fiscal ending March 2025, it added. Icra's sample set of airport operators include <keyword id="19919137" type="General" weightage="20" keywordseo="Airports-Authority-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Airports Authority of India" meta.hostid="261" meta.entityid="Airports Authority of India">Airports Authority of India</keyword> (AAI) as well as operators of Delhi, Hyderabad and Cochin international airports. "The recovery in the Indian <keyword id="21685056" type="General" weightage="20" keywordseo="airport-passenger-traffic" source="keywords">airport passenger traffic</keyword> is one of the best compared to other major global counterparts. India accounted for 4.2 per cent of the <keyword id="21685055" type="General" weightage="20" keywordseo="global-passenger-traffic" source="keywords">global passenger traffic</keyword> in CY2023, and its share in passenger traffic has improved from 3.8 per cent in CY2019. "While the global passenger traffic recovered to just 96 per cent of global passenger traffic in CY2023, the Indian airport passenger traffic revived to 106 per cent of the pre-Covid level owing to strong economic growth as well as the addition of new airport routes. The <keyword id="21685057" type="General" weightage="20" keywordseo="indian-air-passenger-traffic" source="Orion">Indian air passenger traffic</keyword> is expected to outperform the global trend,", Vinay Kumar G, Vice President &amp; Sector Head, Corporate Ratings at Icra, said. According to the rating agency, airport operators, regulator and other stakeholders have made significant progress in resolving the long-pending issues — cost of equity, return on security deposits, forex losses, and treatment of real estate income.

Air passenger traffic in India to touch record levels in the range of 407-418 million this financial year: Icra

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Top 10 busiest airports in the world by passenger traffic

Kapil Yadav

Mumbai job frenzy: 25,000 applicants show up for job interview with Rs 20,000 salary, cause stampede-like situation

Ankush Banerjee

Airport industry to see profit before tax of $1.3 billion this fiscal

PTI

Air passenger traffic in India to touch record levels in the range of 407-418 million this financial year: Icra

PTI

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