Kathmandu: The revenue of Summit Air, a domestic airline company, has declined by 13 percent. The company’s business dropped by 13 percent in 2025 compared to 2024.
In 2024, the company had recorded transactions worth Rs 1.03 billion, but in 2025, it managed only Rs 899 million.
In 2023, the company had a turnover of Rs 1.11 billion, and in 2022, Rs 793 million.
Over the past three years, the company’s income has been consistently declining. The company has attributed this drop in business to technical issues.
It said that due to grounded aircraft, it was unable to provide services during the peak season, which directly affected revenue.
Summit Air stated that 59 percent of its earnings came from flights to Lukla. In 2023, that route alone had contributed 53 percent of total revenue. In 2025, the passenger load factor was 84 percent, compared to 86 percent in 2024. The company began operating flights to Mansarovar/Mount Kailash from June 2025, which helped generate positive revenue during the first two months of the current fiscal year.
However, Summit’s market share has continued to decline. It held a 35 percent market share in 2022, which fell to 29 percent in 2024. The company said that technical problems were the main reason behind the decline in both revenue and market share.
Established in 2010, the company has been providing domestic air services. It currently operates short-distance flights with four aircraft. Until 2016, it operated under the name Goma Air, which was later changed to Summit Air.
Summit currently has four aircraft that serve remote areas.
The company also provides cargo and charter flight services as needed. The company, chaired by Bikash Rana, has obtained credit ratings for Rs 283.3 million in long- and short-term loans, as well as US$ 860,000.
The company’s Managing Director is Manoj Karki, who also serves as the President of the Airlines Operators Association of Nepal.
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