TAP Air Portugal revenue just 1% below pre-COVID levels

TAP Air Portugal revenue just 1% below pre-COVID levels

TAP said its second-quarter revenue accounted for 99% of its 2019 profit. TAP AirPortugal showed a positive post-pandemic recovery in its second-quarter (Q2) financial report. The airline is approaching its pre-pandemic numbers and has significantly exceeded its numbers for the same period in 2021. Revenues reached 99% of the levels reported in the second quarter of 2019. The number of departing passengers also reached 81% 2019 levels, while the total number of departures reached 92%. The carrier’s load factor increased 32% from Q2 2021 levels, bringing the total load factor to 80.4%. Notably, operating costs also increased by 92.5% compared to the same period last year.

Source: simpleflying.com

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