TAP market share falls 28% in 2Q

 In News, TAP

Portugal’s national carrier TAP saw its market share fall 28.3% in Q2 of 2022 despite a strong recovery in air traffic following the lifting of pandemic restrictions.

Nevertheless, April and June saw the airline recover to transport 47% of passengers at Lisbon airport according to the National Civil Aviation Authority (ANAC) which also revealed that Porto and the various airports in the autonomous regions of Madeira and the Azores are now seeing passenger numbers up from 2019.
In the second quarter there were 119 flight movements which transported 14.49 million passengers, an increase of 329% on the same period of the year and 98.4% in relation to the first three months of the year.
This increase in passenger numbers was across the board, benefiting all airlines with TAP netting 47%, Ryanair 12%, Easyjet 9%, Vueling 3% and Lufthansa (3%).
TAP did manage to reinforce its market share at its Lisbon hub to 47% compared to 45% in Q1. However, it was 51% in 2019.
Overall Portuguese airports handled 24.3 million passengers in the first half of 2022, up 344% on the same period last year, at 24.3 million and the figures for June up 186% according to Portugal’s statistics institute INE.