New Delhi, June 2 -- After a period marked by geopolitical tensions, airspace disruptions and volatile fuel prices, GMR Airports is pinning its hopes on recovery in passenger traffic from the second half of FY27.

While recent disruptions have weighed on travel demand, the full impact of the West Asia crisis is yet to reflect in earnings and stock price. Despite that, analysts remain hopeful of the airport operator's medium-term prospects, citing tariff tailwinds, airport additions and improving cash flows.

Earlier this year, the private airport operator was seen as a relatively defensive bets within the aviation ecosystem because of its steady annuity-like revenue streams.

However, the broader market correction has not spared the stock...