In 2025, TAP Air Portugal reported a positive net income of EUR 4.1 million. Recurring net income would have amounted to EUR 46 million, if excluded the adjustment for corporate income tax rates.
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Operating revenue totalled EUR 4,313 million in 2025 (+1.2% compared with 2024), driven mainly by passenger revenues (+0.8%) and the Maintenance business (+10.7%). Capacity increased by 3.1% and RPK grew by 5.5%, raising the load factor to 84.2% (+1.9 p.p.).
The evolution of unit revenues reflected increased competition in core markets and macroeconomic effects in the North American market, with PRASK standing at 6.96 cents (-2.3%).
Outlook for 2026
TAP’s strategy for 2026 is anchored on disciplined and sustainable growth, supported by the expansion and modernisation of the fleet with Airbus Neo aircraft, thereby enhancing operational efficiency and sustainability. Growth is expected to be driven primarily by the 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. In parallel, the airline will continue to invest in the product and the customer experience, including a new cabin and improvements to the onboard offering.