Air fare drops slightly as the price of Aviation Turbine Fuel decreases by NOC
December 6, 2016-Kathmandu
Following a slight drop in fuel prices levied by Nepal Oil Corporation (NOC), the domestic carriers of Nepal have decreased their air fare a little cheaper. The new slightly dropped airfare was effective since today and this price drop is the fourth time this year the airlines have cut fuel surcharges to make the airfare lower according the drop in aviation fuel price.
Data analysis shows that domestic carriers welcomed 1.36 million passengers in 2015, the figure was 1.45 million the year before. Travelers figure has been declining constantly since 2012 which was in peak during 2008 around when people were forced to choose air travel due to continuous road transport interruptions and competitive market.
The travelers figure showed growth of 13 percent in 2008 that further increased to 33 percent in 2009 as fares were competitive in competition. And the passenger movement increased 12.83 percent in 2010 thereafter the growth rate started dropping in 2011 and has shown a negative figure since 2012.