TAP Portugal reported a return to 95pc of pre-crisis levels, with a load factor of 84.8pc as generating a record net profit of €203.5m in the third quarter.
Operating revenues in the first nine months of 2023 increased by 29.7pc, reaching €3.2bn, a recurring EBITDA of €752.4m and a recurring EBIT of €400.7m euros.
Passengers carried is up 5.2pc and flights operated up 5.7pc compared to the same period in 2022. Operating revenues increased by 12.5pc, driven by higher yields and increased capacity.
Luís Rodrigues, TAP CEO, said the company aims to improve operational robustness and service quality: “the remarkable surge in revenues, underscores our Group’s financial strength in the face of critical challenges. We rely on the commitment and dedication of all our people, to establish TAP as a reference in the sector.”
