New Delhi, Aug. 30 -- Zurich Airport International AG, the main developer and concessionaire behind Noida International Airport (NIA), is bracing for a significantly slower ramp-up in air traffic than initially anticipated. Commercial domestic passenger flights commenced on June 15, but initial footfall figures reflect a modest start. The airport recorded 104 flights carrying 25,000 passengers in June, rising to 1,044 flights and 77,000 travelers in July. Due to this sluggish initial trajectory, the facility projects an H1 EBITDA core financial loss of roughly Rs.28.6 crore ($3 million).

In its outlook for NIA, Zurich AG has said: "Slower ramp up expected due to challenging geopolitical environment with near-time performance remaining su...