TAP celebrated in Portugal, in Estoril, the 60th anniversary of its regular route between Lisbon and Rio de Janeiro, a destination that the Portuguese airline considers strategic and which is one of TAP's three most important in Brazil, alongside São Paulo and Recife. The chairman of TAP's Board of Directors, Carlos Oliveira, highlighted that the connection represents a "bridge of culture, friendship and business" that the company will continue to strengthen.
According to Carlos Oliveira, in 2025 TAP transported more than 2.2 million passengers between Europe and South America, particularly Brazil, becoming the leading European carrier on this route. From October 26, TAP will have 15 direct connections from Portugal, Lisbon and Porto, to Brazilian airports, with TAP being the only carrier with exclusivity on 10 of these routes.
TAP's position in Brazil is one of its main assets in the context of the ongoing privatization process. Two European carriers, Air France-KLM and Lufthansa, are in the race to enter TAP's capital, with the Portuguese government having extended the deadline for the privatization's conclusion until the end of the year to allow for improved binding proposals.
TAP recorded a loss of 99.2 million euros by June, a figure higher than the approximately 70 million euros from the same period last year, due to increased fuel prices that pressured the accounts. However, the company managed to increase revenues and transported a record number of passengers.
