TAP Air Portugal reports €72.2 million second quarter profit

TAP Air Portugal reported a net profit of €72.2 million in the second quarter of the year, down 10.1% compared to the same period last year. In addition, it recorded an approximate €400,000 profit for the first half of the year, down 98.3% compared to the first half of 2023. The company said it was impacted by currency exchange losses with the devaluation of the Brazilian real. TAP Air CEO Luis Rodrigues commented: “In the second quarter of 2024, we continued the necessary path of structural transformation of TAP. The investment in people and operations continues to confirm the focus