First Business News Portal in English from Nepal
KATHMANDU: The country’s only international airport, Tribhuvan International Airport (TIA), has lost more than Rs five billion revenue after flights were affected due to the COVID-19 pandemic.
According to a TIA source, the airport has collected a total of Rs 1.19 billion in revenue in the last 11 months while the airport had earned a total of Rs 6.19 billion during the same period last year.
The government had imposed a lockdown on March 25 to control covid-19 infection. Due to the nearly six-month-long restrictions, regular international and domestic flights were suspended. Only a few repatriations, chartered and medical flights were allowed to operate. Thus, the airport has lost its regular income due to the non-availability of flights.
The airport generates huge revenue mainly for landing and parking. Apart from this, contracts inside the airport, shop contracts, and navigation aid are other sources of income for the airport.
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