TAP closed the first half of the year with losses of almost 100 million euros, according to the results announced by the Portuguese airline. The negative net result represents a setback compared to the same period the previous year.
The company saw its results pressured mainly by the increase in fuel costs, which had a significant impact on the airline's finances during the first six months of the year.
Despite the negative net result, TAP achieved operational improvements in the period. The company increased revenues by 4% compared to the same period the previous year, demonstrating the ability to generate more operating revenue.
Additionally, the Portuguese airline achieved a positive milestone by transporting a record number of passengers in the first six months of the year, showing that demand for TAP's services remained high despite the financial challenges faced by the company.
