TAP Air Portugal Flies Into Red Before Privatization
19 Articles
19 Articles
TAP Air Portugal loses almost €100 million as fuel costs soar
TAP Air Portugal, the Portuguese state-owned airline currently in talks to be sold, posted a net loss of almost €100 million for the first half of the year, despite increasing revenue by 4% and carrying a record number of passengers.
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.
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