Azores Airlines reduces loss to 37.1 million euros in the first half
BusinessAçores

Azores Airlines reduces loss to 37.1 million euros in the first half

dnoticias.pt4 September 2026 at 06:00

Azores Airlines recorded a loss of 37.1 million euros in the first half of the year, representing an improvement of about 3.9 million euros compared to the same period last year, when the loss was 41.1 million euros. The Azorean airline thus managed to reduce its financial losses in the first half.

SATA Air Açores, for its part, also managed to lower its loss to 2.1 million euros in the same period. Both Azorean airlines thus show negative results, although with improvements compared to the previous year.

The information was revealed by the Portuguese news agency, which had access to the financial data of the two regional airlines. The companies continue to face economic challenges in the aviation sector.

Related articles

Business

World business jet traffic grows 3.5% since January

World business jet traffic grew 3.5% since January, according to data from consulting firm Wingx. North America remains the most active region, with growth of 4.8% this year and 1.6% in the last week. Africa and South America drive the global trend with advances of 18.1% and 21.9%, respectively. In contrast, Europe recorded a 2.8% decline in the last week, with France and Germany among the countries with the biggest decline. Asia fell 7.2% and the Middle East, affected by the ongoing conflict for six months, fell 16.1% since January. Analyst Nick Koscinski highlights that, although the global trend is moderately positive, there are large regional differences.

Eco04/09/26, 07:14
Business

Dentsu Iberia assures it is "fine and not going to close"

Dentsu Iberia guarantees it will not be affected by the Japanese group's global restructuring plan, which includes closing up to 160 international units by 2028. The chief creative officer of Dentsu Iberia, Lourenço Thomaz, states that the operation on the Iberian Peninsula "is fine and not going to close," with zero departures of people planned. Dentsu Creative Iberia, which brings together Portugal and Spain, has around 500 employees and is considered a "flagship office" of the group, being the second most awarded agency at Dentsu globally. The managing director, Patrick Stilwell, reinforces that the global changes are not affecting Iberia, which is seen as a model of success in financial performance, integration, and quality. The agency maintains clients such as Turismo de Portugal, BPI, Betclic, and CR7, and is currently preparing a proposal for the Turismo de Portugal tender.

Eco04/09/26, 07:14
Business

Beyond Composite Creates Advisory Board for Defense and Launches with Ex-Leonardo

Beyond Composite, a Portuguese composite materials company controlled by the Azevedo family and based in Vila Nova de Gaia, created an Advisory Board for the Defense sector, with its first member Stefano Pontecorvo, former chairman of the Italian defense giant Leonardo and ambassador of Italy to Pakistan. The company reinforces its position in the sector while Europe reorganizes its defense industrial base. Beyond Composite is the only Portuguese company to join the FAMOUS 3 consortium, a 115 million euro European project for the development of armored land vehicles, being responsible for the development of substructures in advanced composite materials. The company states it has the capacity to supply risk material for 100 military vehicles per day, positioning itself to meet the growing demand in the sector.

Eco04/09/26, 07:14
Business

Rede Expressos 'cedes' Sete Rios terminal to competitor FlixBus starting September 24

Rede Expressos, controlled by Grupo Barraqueiro, announced it will allow competitor FlixBus access to the Sete Rios terminal in Lisbon starting September 24, with 21 schedules planned. However, FlixBus has filed a lawsuit against the company and its managers, accusing Rede Expressos of failing to comply with the March decision by the Administrative Court of Lisbon, which ordered immediate access to the terminal. The German company claims losses exceeding 12 million euros due to the "blockade" and states there is no guarantee of entry on September 24, as there are no trips currently on sale for the terminal. FlixBus has also filed a criminal complaint against the managers of Rede Expressos and demands access to essential services such as ticket offices, customer support points, and baggage facilities. The dispute between the two companies has been ongoing since 2017.

Eco04/09/26, 07:12