TAP Air Portugal Reports Full Year 2025 Net Profit of €4.1 Million
- Joe Breitfeller
- 2 hours ago
- 3 min read
TAP Air Portugal has reported their fourth consecutive profitable year. For the full-year 2025, the carrier reported a net profit of €4.1 million, which would have been €46 million with the adjustment excluded for corporate income tax rates.
On Thursday (April 9, 2026) TAP Air Portugal reported their full-year financial results for the period ending December 31, 2025. The carrier reported their fourth consecutive year of profitability with a net income of €4.1 million on a year-over-year increase in revenue of 1.2 percent to €4.3 billion. TAP’s recurring net income would have amounted to EUR 46 million, with the adjustment for corporate income tax rates excluded. At December 31, 2025, the company had liquidity totaling €765.3 million, up €113.7 million compared to year-end 2024.
In Thursday’s announcement, TAP Air Portugal’s CEO, Luís Rodrigues, said
“TAP delivered solid results in FY25, supported by resilient passenger demand across the network, mainly in the second half of the year, and a strong contribution from our Maintenance business, which continued to increase its contribution to total revenues. Despite a challenging environment, marked by cost inflation and significant supply chain and operational constraints across the industry, we maintained resilient margins and strengthened the Company’s financial position. This performance underpinned a positive net income for the fourth consecutive year.
“This year also marked an important milestone for TAP. The European Commission acknowledged the completion of the operational and financial commitments under the EU approved Restructuring Plan, confirming TAP’s successful transformation to deliver long term viability and balanced growth.
“In 2026, the Executive Committee will accelerate the execution of the initiatives already defined, with a clear focus on operational priorities. This process will be accompanied by the start of a new phase of disciplined and sustainable growth, with a stronger focus on transatlantic expansion, namely with two new destinations in Brazil, reinforcing our leadership and network in this market to a total of 15 destinations, of which 10 are exclusively served by TAP. In addition, we will expand our operations from Porto, with several new routes and the investment in a new maintenance hub.
“Finally, I would like to thank all our people for their commitment and resilience, and our stakeholders for their continuous support. Their dedication was critical to delivering this performance in 2025, and it will remain essential as we enter this new chapter for TAP.”
During 2025, TAP fulfilled the operational and financial commitments set out in their Restructuring Plan approved by the European Union. Brussels acknowledged that the required operational measures had been implemented in a timely manner and that the airline achieved results that restore its long-term viability. An extension of the deadline for the divestment of the shareholdings in Cateringpor and SPdH (Sociedade Portuguesa de Handling, S.A.) until June 30, 2026 was also approved, with TAP committing to return €24.99 million to the shareholder within this extension.
For 2026, TAP is focused on sustainable growth, supported by the expansion and modernization of their fleet with Airbus ‘neo’ aircraft. Growth is expected to be driven primarily by the carrier’s transatlantic network, with a focus on Brazil, and by the expansion of operations from Porto, including new routes and the development of a maintenance hub. The carrier will also continue to invest in their product and guest experience, including new cabin interiors and improvements to the onboard experience.
Source: TAP Air Portugal
