TAP reaches record net income of EUR 177.3 million in 2023
Source: TAP Revenues exceed 4 billion euros for the first time in a year. Recurring EBIDTA of 871.6 million euros, with a margin of 21 per cent. Robust liquidity position of 789.4 million euros in cash. In 2023, TAP recorded its peak net income ever, generating a record profit of EUR 177.3 million, an increase of EUR 111.7 million over the previous year, when a result of EUR 65.6 million had been recorded. Operating Revenues in 2023 reached the highest value ever in the Group's history, surpassing the EUR 4 billion mark, reaching a value of EUR 4.2 billion, increasing by EUR 730 million (+20.9 per cent) compared to 2022. This record figure and consistent growth reflect and confirm TAP's [...]