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War worsens TAP's loss by 40% to almost 100 million
Business
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War worsens TAP's loss by 40% to almost 100 million

Jornal de Negócios31 August 2026 at 07:15

The Portuguese airline TAP recorded a loss of 99.2 million euros in the first half of 2026, representing a 40% worsening compared to the same period the previous year. This negative result reflects the financial difficulties faced by the company at the beginning of this year.

The significant increase in jet fuel costs was the main factor responsible for the deterioration of TAP's results. This rise in fuel prices was due to the conflict in the Middle East, which caused instability in global energy markets.

The impact of the war in the Middle East directly affected the aviation sector, forcing airlines to face operational costs much higher than expected. TAP was no exception and saw its financial performance penalized by this geopolitical situation.

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