Kathmandu: Yeti Airlines, Nepal’s second-largest domestic airline, recorded revenues exceeding Rs 4.11 billion during the first nine months of the last fiscal year, reflecting strong passenger growth and fleet expansion.
According to the company, the revenue for the nine-month period stood at Rs 4.117 billion, up from Rs 4.258 billion in 2024, Rs 3.775 billion in 2023, Rs 3.92 billion in 2022, and Rs 1.396 billion in 2021.
Holding a 17 percent market share in 2023 and expanding to 21 percent in 2024, Yeti Airlines attributes the growth to a rise in passenger numbers and the induction of two new ATR 72 aircraft in 2024.
This fleet addition increased the airline’s operational capacity to seven aircraft—six owned and one leased—representing an investment of Rs 1.7 billion.
The carrier’s passenger occupancy rate rose to 82 percent in the last fiscal year, up from 78 percent in 2023. The boost in traffic and capacity led to a 29 percent annual revenue increase by the third quarter of 2025. Net profit margins also improved from 2 percent in 2024 to 5.47 percent in 2025.
Between 2023 and 2025, passenger numbers grew 14 percent, while revenues jumped 27 percent. This rebound followed a sharp downturn in 2023 when a fatal crash in Pokhara severely impacted both market share and earnings, causing a 52 percent drop in passengers and revenue.
In 2024, the airline set a new revenue record and expanded its domestic network from 16 to 20 routes. Four key routes—Kathmandu–Pokhara, Pokhara–Kathmandu, and Kathmandu–Biratnagar—generated 47 percent of total earnings last year.
Founded in 1998, Yeti Airlines is majority-owned by Asian Life Insurance (46.82 percent), with Lakpa Sonam Sherpa and Chanda Sherpa owning the rest. The airline has secured credit ratings for long- and short-term borrowings amounting to Rs 6.361 billion and US$ 2.71 million.
Comment Here