TAP Air Portugal makes €65.6 million profit in 2022
Source: TAP 13.8 million passengers carried Revenues of EUR 3.5 billion Load factor of 80 percent EBIT of €268.2 million TAP closed 2022 with a net profit of €65.6 million, an increase of €1,664.7 million on the previous year. EBIT, including non-recurring items of EUR 19.4 million, was also positive at EUR 268.2 million. In 2022, TAP carried a total of 13.8 million passengers, an increase of 136.1% on the previous year and reaching 81% of 2019 levels. In 2022, revenues reached EUR 3,485.0 million, 151% above FY 2021, along with a higher level of activity (ASK increased 94.2%). The number of flights operated also increased significantly by 74.9% last year, reaching 79% of pre-crisis levels. Capacity reached 87% of [...]