Monday, August 30, 2021

CAAN witnesses significant drop revenue

 Covid-19 pandemic has hit the revenue of Civil Aviation Authority of Nepal (CAAN) hard in the past two years.

According to CAAN’s annual progress report of the fiscal year 2020-21, its income dropped by 43 per cent compared to the projected income of Rs 10.544 billion of the previous year. "Its income went down by 43 per cent in the first year of Covid-19 outbreak and the figure increased to 72 per cent the following year," the report reads, adding that the Covid-19 outbreak since the beginning of 2020 had adversely hit projects and programmes funded by the CAAN  in the last fiscal year.

According to the report, Tribhuvan International Airport (TIA) witnessed a significant fall in the number of air passengers since the outbreak of the Covid-19. "The infection has taken its toll the most on air transport," the report reads, adding that the year 2020 witnessed a 73.27 per cent fall in air passengers in international flights compared to 2019. "In 2019, over 4.1 million passengers took international flights as opposed to over 1.1 million in 2020."

Similarly, more than 1.2 million passengers took domestic flights in 2020 compared to over 3.1 million in 2019. "In 2020 the number of domestic passengers drop by 59.46 per cent than in 2019."

The report also reads that construction of many airport infrastructure development projects with investments of the government and development partners have also been hit hard due to Covid-19 and prohibition orders.

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