Nepal Airlines is making more money, still losing money

Revenue rose to an estimated Rs23.4 billion last fiscal year, while expenses are expected to be about Rs1 billion higher as debt and operating costs continue to weigh on the carrier.

Prime Minister Balendra Shah recently highlighted what he described as encouraging signs of recovery at Nepal’s flag carrier, Nepal Airlines Corporation (NAC). In a social media post, Shah said the airline had generated Rs6.27 billion in revenue in just four months, achieved an 86 percent occupancy rate and repaid Rs1.06 billion in loan instalments.