Attributing the decline to an extraordinary corporate income tax effect, TAP announces profits of 4.1 million in 2025, a sharp drop compared to 2024.
TAP records profit drop to 4.1 million in 2025

Context & Explainers

TAP Air Portugal is Portugal’s flag-carrier airline, founded on 14 March 1945 as Transportes Aéreos Portugueses. It began operations in 1946 with Lisbon–Madrid and quickly opened the long “Linha Aérea Imperial” to Angola and Mozambique, symbolically linking mainland Portugal to its overseas territories. TAP entered the jet age in the 1960s, became Europe’s first all‑jet airline in 1967, and rebranded as TAP Air Portugal in 1979. Nationalised after the 1974 Carnation Revolution, it went through cycles of partial privatisation and renationalisation, remaining a strategic state‑controlled company due to its role in connectivity, tourism, exports, and the Portuguese diaspora, especially to Brazil, Africa, and North America. Today TAP operates an all‑Airbus fleet from its Lisbon hub, marketing itself as a bridge between Europe, Africa, and the Americas and as a key economic and symbolic asset for Portugal.
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Other news coverage of this topic
- TAP profit falls by over 90% to 4.1 million euros in 2025 • RTP Notícias
- TAP profit falls more than 90% to 4.1 million in 2025, penalised by tax effect • CNN Portugal
- TAP profit falls more than 90% to 4.1 million euros in 2025, penalised by tax effect • Correio da Manhã
- TAP profit shrinks to 4.1 million euros in 2025 on the eve of privatisation • Expresso
- TAP profit plunges 92% to 4.1 million in 2025, pressured by taxes and costs • ECO









