{"id":144774,"date":"2023-10-24T12:00:11","date_gmt":"2023-10-24T12:00:11","guid":{"rendered":"https:\/?p=144774"},"modified":"2023-10-24T20:26:46","modified_gmt":"2023-10-24T20:26:46","slug":"portugals-tap-posts-record-third-quarter-profit","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/10\/portugals-tap-posts-record-third-quarter-profit.html","title":{"rendered":"Portugal’s TAP posts record third-quarter profit"},"content":{"rendered":"

TAP Air Portugal<\/strong> earned a record net profit of 180.5 million euros ($192 million) in the third quarter, the airline said Tuesday as the government prepares to re-privatise the firm.<\/p>\n

The 62.2-percent jump in profits was accompanied by a 12.5-percent rise in revenue to 1.2 billion euros in July through September.<\/p>\n

Passenger numbers rose by 5.2 percent during the period — the key European summer holiday season — compared to the same time last year.<\/p>\n

“The third quarter results are encouraging,” said chief executive Luis Rodrigues, adding the airline was implementing measures to boost its rebound following two difficult years.<\/p>\n

\u2192 TAP to resume its connection between Madeira and Caracas in 2024<\/a><\/strong><\/em><\/p>\n

“The considerable rise in revenue” and the “strong trajectory of debt reduction proves the financial strength of the group in a difficult context,” he added.<\/p>\n

Portugal nationalised TAP as losses mounted during the Covid-19 pandemic, injecting 3.2 billion euros into the airline as part of a restructuring plan agreed with the European Commission.<\/p>\n

The government recently launched the privatisation of the airline, hoping to return at least 51 percent to the private sector, with major European airline groups Air France-KLM, Lufthansa and IAG (British Airways and Iberia) showing interest.<\/p>\n

The government is expected soon to release a detailed list of specifications for bidders, which is due to feature commitments like developing Lisbon as a hub for operations, in particular between Europe and Brazil, AFP reported<\/p>\n","protected":false},"excerpt":{"rendered":"TAP Air Portugal earned a record net profit of 180.5 million euros ($192 million) in the third quarter,…\n","protected":false},"author":4316,"featured_media":105736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,269,380],"class_list":{"0":"post-144774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-europe","11":"tag-tap-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"TAP Air Portugal earned a record net profit of 180.5 million euros ($192 million) in the third quarter,…","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=144774"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144774\/revisions"}],"predecessor-version":[{"id":144775,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144774\/revisions\/144775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/105736"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=144774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=144774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=144774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}