Portugal TAP's Loss Shrinks 63%, Flags Fuel Pressure
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9 Articles
Observador
TAP highlights the 11% increase in operational revenue to €914.4 million, driven mainly by increased revenue from transfers and improved unit revenue.
The airline TAP Air Portugal has reached operating revenues of 914.4 million euros between January and March, an annual increase of 11%, driven mainly by the increase in passenger revenues and the improvement of unit revenues (+6.2%), together with a capacity growth of 3.9%. On the other hand, the company has also recorded net losses of 39.9 million euros in the first quarter, representing 63.1% less than the 108.2 million euros of the same peri…
The company adds that the evolution of reserves remains resilient, sustaining high levels of occupancy and improvement of unit revenues and anticipates that "the huge impact of fuel prices will pressure the coming quarters".
TAP Air Portugal closed the first quarter of 2026 with losses of 39.9 million euros, compared to the negative result of 108.2 million registered a year earlier. The reduction confirms a significant improvement of the accounts, although the rate of recovery remains conditioned by the seasonality of the period and by a demanding cost environment. Operating revenues increased by 11%, to 914.4 million euros, in full commercial recovery. According to…
Markets like South America and North America helped TAP expand its revenues and reduce the loss of the first quarter of the year
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