Loss increased from the first quarter of last year. Strike and Easter are pointed out as the main factors for the fall.
A TAP Sa obtained a loss of 108.2 million euros Until March, 18.1 million more of euros of losses that in the same period of 2024, in the first trimester impacted by “Extraordinary Events”, It was announced today.
These “extraordinary events” are essentially two: the greve about three weeks of Portuguese pilots and the fact that Easter Being in the second quarter on April 20 – not March 31 (first quarter), as last year.
“A ‘performance’ [comportamento] From the first quarter of 2025 was significantly impacted by the PGA pilots strike, which lasted for 20 days. Additionally, the comparability of operating results was also affected by the Easter travel to the second quarter in 2025, as opposed to 2024, when it occurred in the first trimester. It is estimated that, together, have had a impact financial results between 30 and 40 millionFrom euros, says TAP in a statement issued today.
CEO Luís Rodrigues also highlights the “increase in competition in the main markets and the disruption Operational, such as adverse weather events, strikes and embarrassment at airports and European airspace, significantly impacted the financial and operational performance of the quarter. ”
The airline registered a operational result (EBIT – result before interest and taxes) Negatively at 131.6 million euros until March, compared to 74.3 million euros negatives of last year’s same year.
The recurring EBIT was negative at 119.2 million (60.3 million euros negative in the first three months of 2024).
Even so, Luís Rodrigues highlights “The positive performance of TAP in the US market ”throughout this first quarter.
In addition, it highlights the entry of capital and debt emission allowed an increase in liquidity – It became 1,203.2 million euros at the end of March.
The company’s executive director points out in a statement that TAP is “more resilient and prepared for the future.”
