Positive news from TAP

TAP Air Portugal has shown a positive recovery from the pandemic in its second quarter financial report (Q2).

The airline 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%.

Christine Ourmières-Widener, CEO of TAP, addressed the company's recent recovery success, saying: "The second quarter saw very healthy demand and higher revenue per passenger, which allowed us to offset the increase in costs. Prospects for the fourth quarter and next year remain uncertain. The execution of the restructuring plan remains key".

Sadly, with her eyes firmly focussed on the future of TAP, Ourmières-Widener, former boss of Flybe and Cityjet, has had to pull out of a London Aviation Club luncheon on 15 September.  She is replaced by Sir Stephen Hillier, boss of the CAA. (See CAA at the Aviation Club in this week’s BTN.)

www.flytap.com

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