TAP Air Portugal’s Revenue Just 1% Below Pre-COVID Levels

TAP has reported its second-quarter revenue to be 99% of its 2019 earnings. TAP Air Portugal has shown a positive recovery from the pandemic in its second quarter financial report (Q2). The airline is nearing its pre-pandemic numbers and has dramatically exceeded its numbers from the same period in 2021. Revenue reached 99% of levels reported in Q2 2019. The number of departing passengers also reached 81% of 2019 levels, while total departures reached 92%. The carrier’s load factor increased by 32% from Q2 2021 levels bringing the total load factor to 80.4%. Notably, operating costs have also risen 92.5% from the same time last year.


Source: simpleflying.com