For an airline that is set to be partially privatized, there are no better credentials than solid financial and operational results. Exactly these were presented by TAP Air Portugal, which reported strong growth numbers for Q3 and the first nine months on Tuesday.
TAP recorded a €180.5 million net profit for Q3, up from €111.3 million in the same period of 2022. Revenues increased twelve percent to €1.258 billion from €1.119 billion. Passenger revenues contributed €1.181 billion to the result and were up from €1.002 billion. Supply chain issues and delays affected TAP’s maintenance and engineering business, which generated €32.9 million in revenues, down from €48 million. Cargo revenues were also lower to €38 million from €64.3 million.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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