Portugal’s TAP Air Portugal reported an 11% increase in revenue and a better EBITDA performance in the first quarter, according to the company. The airline said operating income reached 823.4 million euros in the period, up from the prior year, while EBITDA improved to a loss of 9.5 million euros from a positive 43 million euros a year earlier, reflecting weaker seasonal timing and operational disruption.
TAP said the quarter was affected by a 20-day pilot strike at its Portugália subsidiary and by the shift of Easter into the second quarter this year, compared with the first quarter in 2024. The carrier estimated the combined financial impact of those factors at between 30 million and 40 million euros.
Despite the pressure on profitability, TAP continued to post solid operating revenue growth from ticket sales and other airline services. The company has been working through a competitive market and fluctuating demand patterns that typically affect European carriers in the first quarter.