TAP losses expand ahead of planned sale

TAP Air Portugal’s operational revenues increased by 4.3% during the first half of 2026, reaching €2.04 billion ($2.4 billion). This growth was primarily driven by a significant rise in fuel costs which contributed substantially to the airline's financial challenges. The Portuguese carrier reported an expansion of its losses year-on-year as it prepares for a final sale process. Air France-KLM and Lufthansa Group are currently considered as potential buyers for TAP. Negotiations regarding the sale remain ongoing with the outcome expected soon.