TAP Air Portugal stated (30-Nov-2020) 3Q2020 started with a promising demand recovery but the trend was reversed in mid Aug-2020 due to the imposition of new travel restrictions. Bookings and load factor were driven by short haul European leisure travellers and long haul VFR. 3Q2020 load factor "maintained stable" in spite of a 10x increase in capacity quarter-on-quarter. [more - original PR - Portuguese]
TAP Air Portugal reports promising demand recovery in early 3Q2020 faded with travel restrictions
3 December, 2020