In a statement, TAP explains that, from January to March, net profit recorded a negative value of 71.9 million euros, having decreased by 14.5 million compared to the first quarter of 2023.

However, the company highlights, when compared to the first quarter of 2019 (pre-pandemic year) the net result improved by 34.7 million euros.

The carrier recalls that the first quarter “is traditionally the one with the worst financial performance”, to highlight that between January and March this year, it managed to improve operational performance, continued growth in revenues, and achieved “resilient operational results”.