Transportation
TAP Posts Fourth Straight Profit as Sale Process Gains Pace
TAP is seen as attractive for its strong links to Brazil, Africa and North America.
Photographer: Zed Jameson/BloombergTAP 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.