TAP Air Portugal achieved a net income of EUR 37.5 million in the second quarter of 2025. In Q2, operating revenue increased by 1.7% year-on-year, totalling EUR 1,131.7 million, driven mainly by the increase in passenger revenues (+3.1%).
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In Q2, TAP carried 4.4 million passengers, an increase of 4.5% compared to the second quarter of 2024, operating around 30 thousand flights, an increase of 0.8% compared to the same period last year. Capacity (measured in ASK) increased by 4.8% compared to 2Q24, while the Load Factor improved by 2.3 p.p., reaching 85% in 2Q25.
New routes were introduced during the quarter and seasonal routes were reopened. Four seasonal summer routes were reopened from Lisbon: Alicante, Ibiza, Menorca and Palma de Mallorca. In addition, the yearly Lisbon–Porto Alegre route resumed operations. New long-haul and domestic routes were also launched during the quarter, including Lisbon–Terceira–San Francisco, Lisbon–Los Angeles, Porto–Boston and Faro–Funchal.
First half of 2025
In the first half of 2025, TAP carried a total of eight million passengers, representing an increase of 2.2% compared to the first half of 2024 (“1H24”). The number of flights operated remained virtually stable, with year-on-year growth of 0.2%.
Capacity increased by 2.3% compared to the first half of 2024, while RPKs grew by 3.6%, resulting in a 1.0 p.p. improvement in the Load Factor, which reached 82.1% in 1H25.
In 1H25, operating revenues totalled EUR 1,955.2 million, down EUR 19.8 million (-1.0%) compared to 1H24. PRASK stood at EUR 6.65 cents, a year-on-year reduction of 2.8% (-EUR 0.19 cents).