TAP to increase fuel surcharge due to oil price hike

In line with other major airlines, TAP Air Portugal will increase the YQ charge (known as fuel tax) due to the escalating price of jet fuel, one of the main cost factors in aviation.

Some analysts predict for the aviation sector an "extreme" impact caused by this brutal fuel increase, but it is believed that, in the long term, the situation could stabilize. However, in the short term, it is inevitable that travel prices will rise.

TAP wants to maintain its competitiveness and will continue to monitor the situation on an ongoing basis and will take the most appropriate measures for each moment and on each specific route regarding pricing.

This IATA summer, which begins on March 27th, TAP will restore around 90% of the capacity it offered before the pandemic, with the expectation that demand will accompany this increase in supply.

Prices will always have to maintain the right balance, so they don´t reduce demand for travel, while assuring at the same time the sustainability of the flights operated by the airline.