Aviation
Commercial /
Europe
Before privatization
Tap Air Portugal registers a 30% increase in passengers in the first half of the year
Airbus A319
CC BY-SA 4.0, via wikimedia commons
Rafael Ramos
7/12/2023
According to official data from TAP Air Portugal, there was a 30.2% increase in passengers transported in the first half of the year, when compared to the same period last year. The absolute number was 7.58 million, up about 15% from the pre-pandemic period on its intercontinental routes.
Despite the good numbers, the company is still about 4% below its numbers from the same period before the pandemic. The company reported net losses of US$ 63 million in the first quarter of 2023, but the number is only half the deficit for the same period of 2022. The numbers show that the company is on the right track.
TAP's European network is still 10% below what it was before the pandemic, but almost 30% above what it was in the same period last year. Its network in Brazil, North America and Africa is 31.1% above the first half of 2022 and has already exceeded its pre-covid levels by 14.7%.
The Portuguese government should start the process of privatizing the airline this month, with the IAG group, Air France-KLM and Lufthansa already showing interest in acquiring its stake.
Airbus A319
CC BY-SA 4.0, via wikimedia commons
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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