Fairfax India foresees delay in Bangalore Airport expansion due to Covid-19

First phase of the Terminal-2 expansion likely to be completed six months beyond schedule, cost escalation seen

The lockdown and the resulting suspension of construction activities are expected to delay the completion of the first phase of the Terminal-2 expansion of Bangalore International Airport Limited (BIAL). Its aeronautical and non-aeronautical revenues have been significantly impacted during the quarter ended March 31, due to a 43 per cent drop in domestic traffic and 72 per cent decline in international traffic, said Fairfax India, which has invested in the airport.

In the company's financial result announcement, Fairfax India said, "In the first quarter of 2020 the Covid-19 pandemic significantly impacted BIAL's airport business, which faced reduced passenger traffic starting