All news
Politics
Business
Technology
Incidents
Sports
Weather
Science
Entertainment
World
Real Estate
AI News
TAP. Losses jump to almost 100 million in the first halfPhoto by Brunno Campos on Pexels
Business

TAP. Losses jump to almost 100 million in the first half

Observador31 August 2026 at 07:22

TAP ended the first half of the year with losses of 99.2 million euros. The Portuguese airline indicated that the period was strongly penalized by the rise in fuel prices. This value represents a significant increase in losses compared to previous periods. The company attributes the main causes of the losses to the increase in fuel costs.

Related articles

TAP agrava prejuízo para 99 milhões de euros no primeiro semestrePhoto by Alexandre P. Junior on Pexels
Business

TAP worsens loss to 99 million euros in the first half

TAP worsened its loss in the first half to 99 million euros, a 41% deterioration compared to 69 million in the same period last year, influenced by an 8% increase in operating expenses to 2.1 billion euros, with a highlight for the 18% rise in fuel costs to 566 million euros. Despite operating revenues growing 4% to two billion euros and the company carrying 8.2 million passengers, up 4.2%, EBITDA fell 27% to 170 million euros. TAP reinforced its financial position with a 350 million euro senior notes issuance and ended the semester with a cash position of 1.2 billion euros, having completed the Restructuring Plan and launched the new Strategic Plan 2026-2035.

Jornal Económico31/08/26, 08:15
Preço dos combustíveis atira TAP para prejuízos de 99 milhõesPhoto by Marcio Skull on Pexels
Business

Fuel prices drive TAP to 99 million losses

High fuel prices, driven by the Middle East war, led TAP to record losses of 99 million euros in the first half of this year, an increase of 28 million compared to the same period last year. In the second quarter, the impact was particularly severe, with a 97 million drop in profits to losses of 59 million. TAP's CEO, Luís Rodrigues, explained that the significant increase in jet fuel prices directly pressured costs, while revenue mitigation measures tend to materialize more gradually, since much of the second quarter's revenue was already sold when prices rose.

Jornal Económico31/08/26, 08:13
Subida dos combustíveis. TAP agrava prejuízo para 99,2 milhões de euros no primeiro semestrePhoto by Bruno Silva on Pexels
Business

Fuel price increase. TAP widens loss to 99.2 million euros in the first half

TAP recorded a loss of 99.2 million euros in the first half, a worsening compared to losses of around 70 million euros in the same period of the previous year, with the rise in fuel costs significantly pressuring the accounts of the Portuguese air carrier.

RTP Notícias31/08/26, 08:10
Carris apresenta hoje solução para futuro equipamento na Calçada da Glória
Business

Carris presents today solution for future equipment at Calçada da Glória

Carris will present today a solution for the future equipment at Calçada da Glória, in Lisbon. The municipal executive announced the creation of a mission team to study a new technological system for the future Gloria elevator, after the derailment of the Elevator.

Correio da Manhã31/08/26, 08:03