It’s game on for another round of airline consolidation in Europe. The Portuguese Council of Ministers has approved the plan to privatize TAP Air Portugal and sell 51 percent. At least five percent will be reserved for the airline’s employees, the government announced...
We are not alone in thinking the A321neo is the hottest ticket in commercial aviation. The middle of the market is a sweet spot that keeps growing, as we have noted several times. This morning, we came across this chart on social media from TAP that sparked this...
TAP Air Portugal produced its best HY1 result in five years, announcing a €22.9 million net profit for the first six months and an even more solid result for Q2. “These results underpin TAP’s sustained commercial and financial improvement trend,” said the...
It’s still very early days, but by reporting improved first-quarter results, TAP Air Portugal has taken another step to become more attractive to potential investors when it will be privatized in the future. TAP reduced its Q1 net loss to €-57.4 million as it...
TAP Air Portugal returned to profitability for the first time since 2017, ending 2022 with a strong fourth quarter and the full year with a small profit. The airline is seeing the first positive effects of the transformation plan but warns of headwinds and challenges...
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