TAP Ends First Half with Almost €100 Million Loss Amid Rising Fuel Costs
9 Articles
9 Articles
The Portuguese airline had already had losses of €70.7 million in the first half of 2025. The accounts of 2026 reveal a worsening of the damage, with the costs of fuels to . eat . all the increase of revenues that the TAP had until June
Air carrier ended the first half of the year with losses of 99.2 million euros, in a period "strongly penalized by the rise of the fuel", the company says.
In the process of privatization, the losses of the TAP in the first half of the year worsened by 40%. Costs with the acquisition of 'jet fuel' grew 18.7% due to the war in the Middle East.
Despite the negative net result, the company increased revenues and transported a record number of passengers in the first six months of the year
TAP says that the rise in fuel prices "was immediately felt in the costs" of the airline, while "mitigation measures in terms of revenue tend to materialize more gradually."
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