TAP deepened its loss to 99.2 million euros in the first half of the year, a negative result largely due to rising fuel prices. The Portuguese airline faced higher operating costs during this period, which pressured its profitability.
Despite the negative net result, the company managed to increase its revenue in the first half. This revenue growth suggests that TAP managed to generate more business during this period.
Additionally, the airline reached an important milestone by carrying a record number of passengers in the first six months of the year. This data contrasts with the poor financial result, indicating that the increase in passengers was not sufficient to offset the impact of fuel costs.
