TAP Porto flights plummet to just 3% of total in Q2
According to the National Civil Aviation Authority, TAP represented 3% of all flights at Porto airport in the second quarter of 2020.
TAP represented 3% of all flights at Porto airport in the second quarter of 2020, compared to 25% in the same period of 2019, falling from second to eighth largest company, according to ANAC data.
According to the quarterly statistical bulletin of the National Civil Aviation Authority (ANAC), at Porto airport, TAP represented only 3% of movements recorded in the period under review, behind Federal Express (18%), Star Air (14%), European Air Transport Leipzig (13%), Ryanair (10%), Swiss International Air Liens (8%), Deutsche Lufthansa (4%) and Luxair (4%).
At Lisbon airport, TAP’s total number of movements fell from 54% in the second quarter of 2019 to 15% in the same period this year but remained top of the list of the 10 largest companies.
Ryanair remained in second place with the same 9% also registered between April and June 2019.
In the case of Faro airport, where the Portuguese airline represented 7% of total movements in the second quarter of 2019, this year it is not even on the list of the 10 biggest companies (4th place in the same period last year).
At Ponta Delgada airport, in the Azores, the carrier went from representing 9% of movements in the second quarter of 2019 to 6% in the same quarter of this year, remaining the third largest airline at that airport after SATA Air Açores and SATA International.
Only at the Funchal airport, TAP increased its representation in total movements in the second quarter from 27% to 28%.
However, TAP was no longer the largest airline, moving into second place after Swiftair (30%).
The cabinet meeting approved on 17 July the granting of a loan of up to €1.2 billion to TAP, following the European Commission’s decision.
In addition to the remunerated loan in favour of the TAP Group of €46 million, there may be another €254 million, without, however, the state being bound to make it available, the negotiations were aimed at the acquisition by the Portuguese state of shareholdings, economic rights and a part of the ancillary payments of the current shareholder of TAP SGPS, Atlantic Gateway, SGPS, Lda.
The Portuguese state now holds a total stake of 72.5% and the corresponding economic rights in TAP SGPS, for €55 million.
