TAP Air Portugal Reports Second Quarter 2025 Net Profit of €37.5 Million

TAP Air Portugal has reported a second quarter net profit of €37.5 million on a 1.7 percent year-over-year increase in revenue to €1.13 billion.  At June 30, 2025, the carrier had total liquidity of €1.2 billion, up €515 million compared to December 31, 2024.

TAP Air Portugal Airbus A32neo - Courtesy TAP Air Portugal

On Thursday (August 28, 2025), TAP Air Portugal reported their second quarter and half-year (H1) financial results for the period ending June 20, 2025.  The carrier reported a second quarter net profit of €37.5 million on a 1.7 percent year-over-year increase in revenue to €1.13 billion.  As of 30 June 2025, TAP had liquidity totaling €1.2 billion, an increase of €515 million compared to December 31. 2024.

In Thursday’s announcement, TAP Air Portugal’s CEO, Luís Rodrigues, said,

“After a challenging start to the year, TAP recorded a positive performance in the second quarter, with an increase in operations and revenues compared to the same period last year. This dynamic translated into solid operating results, helping to partially offset the impact of extraordinary events in the first quarter and reinforcing both the resilience of our teams and the robustness of our network.

“We continue to operate in a highly competitive environment, with pressure on unit revenues and persistent operational challenges — particularly affecting punctuality. Nevertheless, we recorded a year-on-year improvement in regularity during the quarter.  As we navigate one of the most operationally challenging summers in recent history, with severe border control constraints at domestic airports strongly impacting our activity, we remain focused on ensuring reliable operations while working to advance the national aviation ecosystem.

“As we move beyond the Restructuring Plan, our priorities remain clear: to transform TAP into a consistently profitable and attractive company, consolidating operational efficiency and financial sustainability.  This journey is only possible thanks to the continued support of our stakeholders and, above all, the dedication of our people.”

During Q2 2025, TAP carried 4.4 million passengers, an increase of 4.5 percent compared to the second quarter of 2024, operating around 30 thousand flights, up 0.8 percent compared to the same period last year.

TAP introduced several new routes and restarted seasonal routes during the second quarter.  Four seasonal summer routes were reopened from Lisbon, including service to Alicante, Ibiza, Menorca and Palma de Mallorca.  Additionally, summer seasonal service between Lisbon and Porto Alegre resumed operations. New long-haul and domestic routes were also launched during the quarter, including service from Lisbon to San Francisco and Los Angeles, flights between Porto and Boston, and service between Faro and Funchal.

Source: TAP Air Portugal

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