Business

TAP’s Loss Rises to €99.2 Million in First Half of Year

TAP reported a net loss of €99.2 million in the first half of the year, driven by high fuel costs.

31 August 2026Tagblick Newsdesk

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Archive photo: TAP’s Loss Rises to €99.2 Million in First Half of Year — Archive photoPhoto: Ministério da Cultura · Wikimedia Commons · CC BY 2.0

TAP, the Portuguese airline, reported a net loss of €99.2 million in the first half of the year, a 40% increase compared to the same period last year.

The company's negative results were heavily impacted by a significant rise in fuel costs, which increased by almost one fifth, a direct effect of geopolitical tensions in the Middle East, as indicated by the airline.

This increase in operating costs has been one of the main sources of pressure on TAP’s finances, which is facing a challenging aviation sector due to fluctuations in fuel prices.

In the previous half, the airline reported losses of around €70 million, illustrating the growing financial difficulties faced by the carrier at this stage.

TAP's accounts thus reflect the increasing volatility in fuel prices, a factor that continues to be a central concern for airlines worldwide.

The company disclosed its financial results in a public communication, although no further details were provided about specific measures being considered to mitigate these future losses.

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