Iranian airports unprofitable
Tehran, Iran, January 4
By Mehdi Sepahvand –- Trend:
All airports which are under the governance of Iran Airports and Aviation Company are unprofitable, the company’s CEO Rahmatollah Mahabadi said.
Even the Mehr Abad airport with a daily number of 400 flights is not profitable and faces losses, he said, Mehr news agency reported January 4.
“The structure of the country’s airports is fragile and unless it is not improved, we will be unable to go on.”
Mahabadi went on to note that during the previous Iranian fiscal year (which ended March 19), some organizations took 2.6 trillion rials (close to $80 million) from the revenues of airports.
He said the Mehr Abad makes 20 trillion rials (over $600 million) and Imam Khomeini Airport 5 trillion rials (about $150 million) a year.
The aviation industry in Iran has been under harsh sanctions for over three decades, depriving the country of the chance to receive goods and services to develop airports or buy or maintain airplanes.