The company presented its results for 2018. Negatives of 118 million Euros.
For the government this is very bad. The prime minister António Costa, who was the one who wanted to reverse the process of privatization of the company, had acted , now says nothing.
Portugal already has to put up with a lot, on its" back shoulders", like the NOVO BANCO,due to crape of their managers, and now the Financial minister, came to say that all the taxpayers were going to have to get ahead, with this bank . And now comes to TAP, who will pay this passive? The citizens of course...
The administration sent a statement to the workers explaining what happened.
It was a loss of 3.6% in relation to the previous year.
Increased the network of routes in the North American market the position has been consolidating.
They preferred to change the Lisbon-Porto-Lisbon to jet planes ( AIRBUS 320 and E190) and increased their punctuality to 72%. Therefore the operation with the ATR72 is practically finished. The airplane has many operational limitations, mainly because of LVO.
The TAP accuses that in 2018 the pilots union, negotiations with the pilots led to 2490 flight cancellations. The negotiating context was complex. TAP needed more 122 to fly in the last summer. Now they admitted to many and have difficulties manage the training, so they interrupted the admissions.
The union has already issued a statement to clarify this situation. What was negotiated was that the riders were renumbered with an extra, even in OFF-DAYS and LEAVE -DAYS so, TAP did not have to contract ACMI’s. But some destinations where operated by HIFLY, Recife, Natal in Brasil and Luanda in Angola.
So the pilots saved a lot of money to this company on its operation.
The planes are coming. The first A321NEO LR is coming soon.