TAP worsened its loss to 99.2 million euros in the first half of the year. The Portuguese airline managed to increase revenues and carried a record number of passengers during this period.
Despite the growth in activity and the increase in revenues, the company's accounts were unbalanced. The main factor responsible for this worsening of losses was the fuel price, which had a significant impact on the airline's operating costs.
TAP thus faces a paradoxical scenario, where it manages to attract more passengers and generate more revenue, but cannot balance its accounts due to the increase in fuel costs in the aviation sector.
