Portuguese airline TAP's passenger traffic up in 2024, Americas lead growth

Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 21, 2025

Portuguese airline TAP's passenger traffic up in 2024, Americas lead growth

LISBON (Reuters) - Portugal's airline TAP, which is slated for privatisation, carried 16.1 million passengers last year, a 1.6% rise from 2023, led by North American and Brazilian routes, the company said on Tuesday.

Passenger numbers on North American routes rose by 8.9% to 1.59 million, while more than two million passengers travelled between Brazil and Europe, hailed by the company as a record-breaking achievement after a 7.1% increase from 2023.

The North and South American routes are seen as the company's most significant and profitable as Portugal's government plans to resume the privatisation of the national carrier this year.

Air France-KLM, British Airways-owner IAG and Lufthansa are among those to have expressed an interest in TAP.

The airline said that European travel, excluding Portugal, had a modest uptick of 0.9% to 8.8 million passengers, while routes to and from Africa saw a marginal decline of 0.1% to 1.1 million.

Chief Executive Luis Rodrigues said last month he expected the airline to post another profit in 2025 on commercial and efficiency gains amid a tourism boom.

(Reporting by Patrícia Vicente Rua; Editing by Andrei Khalip, Kirsten Donovan)

Recommended for you