KATHMANDU, June 16: Tara Air has collected revenue of Rs 672 million within the first nine months of the current fiscal year (FY) 2023/24.
Tara Air’s operating profit margin (OPM) has reached 28 percent. The company’s profit margin has increased due to lower aviation fuel prices and higher income from the US Dollar.
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Tara Air operates three Twin Otters, serving the STOL route.
According to data from ICRA Rating Agency Limited, a sister company of Yeti Airlines, Nepal, Tara Air collected a total of Rs 1 billion in the fiscal year 2022/23. Yeti Airlines provides air service on trunk routes.
The company achieved a turnover of Rs 150 million in the fiscal year 2021/22 and Rs 470 million in 2020/21.
