According to a report by ECO, the increase in the number of passengers transported and in revenue did not prevent an increase in TAP's losses, which totalled an unprecedented €1.599 billion in 2021, exceeding the €1.2 billion in 2020.

The company, led by Christine Ourmières-Widener, transported 5.83 million passengers last year, 25% more than in 2020, about 34% from the number in 2019, the last year before the pandemic.