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TAP Posts Fourth Straight Profit as Sale Process Gains Pace

Henrique Almeida
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⚡ Quantum Brief
State-owned airline TAP SA reported its fourth consecutive annual profit in 2025, posting €4.1 million net income—a sharp drop from €53.7 million in 2024 due to a one-off corporate tax adjustment. Revenue grew 1.2% to €4.3 billion, driven by a 3.4% increase in passenger traffic, reaching 16.7 million travelers as the carrier expanded its global network. TAP’s strategic value lies in its strong route connections between Brazil, Africa, and North America, making it an attractive target for potential investors amid an ongoing sale process. The airline’s financial turnaround and geographic advantages position it as a key asset for privatization, with the Portuguese government seeking a strategic investor to bolster growth. Despite profit volatility, TAP’s consistent revenue growth and network expansion signal resilience as it advances toward a potential ownership transition.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000TAP is seen as attractive for its strong links to Brazil, Africa and North America.TAP SA reported a fourth consecutive annual profit in 2025, as the carrier pushes to expand its network and draw in a strategic investor.The state-owned airline posted net income of €4.1 million ($4.8 million), compared with €53.7 million a year earlier, TAP said Thursday, with the decline attributable to a one-off corporate tax adjustment. Revenue rose 1.2% to €4.3 billion, while passenger numbers increased 3.4% to 16.7 million.

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