Latest news with #TAPAirPortugal
Travel Daily News
6 days ago
- Business
- Travel Daily News
Etihad Airways and TAP Air Portugal launch a Frequent Flyer partnership agreement
Etihad Guest and TAP Miles&Go loyalty members flying across the Etihad Airways or TAP Air Portugal networks are now able to earn and redeem miles in their respective loyalty programme. ABU DHABI, UAE – Etihad Airways, the national carrier of the United Arab Emirates, and TAP Air Portugal, the national carrier of Portugal, have launched a frequent flyer partnership from today (14 May 2025). The agreement enables members of both Etihad Guest and the TAP Miles&Go programme to earn and redeem their respective loyalty currency on either carrier. Etihad Guest members are able to redeem their miles on flights, worldwide hotel stays and holidays, or shop from a variety of products from the Etihad Guest Reward Shop. TAP Miles&Go member miles can be spent on flights and a range of additional offers such as TAP Store items. Mark Potter, Managing Director Etihad Guest, said: 'We're delighted to launch our frequent flyer partnership with TAP Air Portugal, offering our members even more ways to earn and redeem their miles across the airline's network in the Americas, Europe and Africa. We're devoted to expanding our Etihad Guest offering and rewarding our loyalty members wherever they travel. We look forward to welcoming TAP Miles&Go members on Etihad Airways and offering them the ability to earn or redeem their miles when they choose to travel across our expanding network.' This partnership follows the strategic codeshare established between the carriers in 2023, unlocking enhanced connectivity for guests and offering more destinations and further choice through a fully global network. Networks of both airlines complement each other with destinations across North and South America, Europe, Africa, Asia, Australia and the Middle East. The codeshare allows Etihad Guest members to be rewarded for travel to destinations such as Los Angeles, Rio de Janeiro and Cancun, whilst TAP Miles & Go members will be able to earn miles exploring Etihad's expanding network with new destinations such as Chiang Mai, Hong Kong and Medan. Pedro Flores Ribeiro, Director TAP Miles&Go, considers that 'It's very exciting to be able to offer our TAP Miles&Go members the possibility of redeeming their miles with Etihad flights across a range of attractive destinations. We also welcome Etihad Guest members to discover TAP Air Portugal network and our warm Portuguese hospitality and service.' Etihad Airways Reports Record Results Of AED 685m. Etihad Airways has delivered record-breaking financial performance and highest-ever customer satisfaction performance in the first quarter of 2025, building on last year's momentum with further notable improvements across revenue, operational efficiency, and fleet expansion. Profit after tax reached AED 685 million (U.S.$ 187 million), marking a 30 per cent increase year-on-year, driven by robust passenger demand and operational efficiencies. Total revenue saw a 15 per cent rise compared to Q1 2024, supported by both passenger and cargo business. Etihad continues to lead the region in passenger growth, carrying 5.0 million guests in Q1 2025 – a 16 per cent year-on-year increase – and maintaining strong momentum into Q2. With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the region. Customer satisfaction reached a record high in Q1 2025, with scores improving by 20 per cent year-on-year. Gains were recorded across key touchpoints, including check-in, boarding, inflight service, food and beverage, Wi-Fi, and the updated website and mobile app. The quarter also saw the launch of new lounge and inflight menus, alongside upgraded service standards. The fleet continued to expand to support the guest experience. One additional A380 returned to service during the quarter, offering First Apartments and The Residence. In April, Etihad took delivery of another A350-1000, with another Boeing 787 Dreamliner to follow. These new aircraft feature ultra-high-speed Wi-Fi and updated inflight entertainment systems. Etihad also advanced its premium offering, expanding First Class to more routes and preparing new ground and inflight services for rollout from August. In April, the airline introduced its new A321LR cabin, becoming the first in the region to offer First Class on a single-aisle aircraft. The cabin features exclusive private First suites and lie-flat Business seats, bringing widebody comfort to medium-haul routes. The broader First class experience will include a new concierge service, private chauffeur transfers, dedicated check-in, meet-and-assist service, and baggage-free travel options in Abu Dhabi. 'We are proud to deliver a record-breaking quarter – both in profitability and in guest satisfaction,' said Antonoaldo Neves, Chief Executive Officer of Etihad Airways. 'Achieving our highest-ever Q1 profit of AED 685 million and our best-ever customer satisfaction scores reflects the strength of our business and the dedication of our people. 'We're executing a clear strategy: grow sustainably, operate efficiently, and never lose focus on delivering remarkable experiences to our guests. From continued refinements to our onboard offering to improved airport services and the debut of our A321LR with a market-leading narrowbody product, we're raising the bar in every part of the journey. 'Our network continues to expand with 16 new routes announced for 2025 and additional aircraft joining our fleet. As we grow, we remain disciplined and focused on quality, efficiency, and creating value for our customers and stakeholders.' Passenger revenue grew by 16 per cent reaching AED 5.5 billion (U.S.$ 1.5 billion), driven by increased capacity, continued network expansion and increased flight frequencies. Passenger growth was boosted by a 14 per cent rise year-on-year in Available Seat Kilometres (ASK) and an improved passenger load factor of 87 per cent (+1 pp year-on-year). Fleet expansion accelerated, with 98 aircraft in operation by the end of the quarter, including the reintroduction of Etihad's sixth A380. The operating fleet further grew in the month of April with the delivery of an additional A350-1000. Etihad operated 80 destinations as of March 2025, with 16 new routes launching this year to support continued growth and broaden access to key global markets. Improved cargo yield led to cargo revenue growth of 8 per cent year-on-year, despite a 4 per cent reduction in volumes. The strong operational performance is reflected in the EBITDA, which rose by 32 per cent year-on-year, reaching AED 1.4 billion (U.S.$ 379 million), boosting the EBITDA margin to 21 per cent (+3 pp compared to the same period of 2024). Further strengthening financial resilience, net leverage improved to 1.1x, down from 1.9x in March 2024, driven by scheduled debt repayments and strong cash generation. Cash flow from operations reached AED 1.8 billion (U.S.$ 500 million), reflecting an 11 per cent increase year-on-year. Highlights Profit after tax reached AED 685 million (U.S.$ 187 million), up 30 per cent year-on-year, with profit margin at 10 per cent (+1pp year-on-year) Customer satisfaction improved year-on-year, supported by enhancements to the onboard experience, airport services, and on-time performance Capacity continued to expand with ASK growing by 14 per cent year-on-year due to additional aircraft (+9 year-on-year) and higher aircraft utilisation Carried 5.0 million passengers, a 16 per cent increase year-on-year, with load factor improving to 87%, up 1 pp year-on-year Strong network with 80 destinations operated in March 2025 and 16 new destinations to be launched in 2025 Total Revenue grew 15 per cent year-on-year, reaching AED 6.6 billion (U.S.$ 1.8 billion), driven by both passenger and cargo business Passenger revenue reached AED 5.5 billion (U.S.$ 1.5 billion), supported by increasing volumes Cargo revenue rose 8 per cent year-on-year, despite a 4 per cent drop in volumes, supported by higher yields Strong revenue and cost efficiencies boosted EBITDA by 32 per cent year-on-year to AED 1.4 billion (U.S.$ 379 million), with EBITDA margin at 21 per cent (+3pp year-on-year) Strong cash generation with cash flow from operation at AED 1.8 billion (U.S.$ 500 million), an increase of 11 per cent year-on-year Net leverage at 1.1x (from 1.9x in March 2024), supported by debt repayments and strong cash generation
CNN
21-05-2025
- Business
- CNN
TAP Air Portugal CEO Thinks the Challenges of the Aviation World Should Be Taken in Stride
'We move from crisis to crisis until survival is achieved and to work in this industry, I think your motto needs to be keep calm and carry on.' TAP Air Portugal CEO Luis Rodrigues thinks the challenges of the aviation world should be taken in stride.
CNN
21-05-2025
- Business
- CNN
TAP Air Portugal CEO Thinks the Challenges of the Aviation World Should Be Taken in Stride
'We move from crisis to crisis until survival is achieved and to work in this industry, I think your motto needs to be keep calm and carry on.' TAP Air Portugal CEO Luis Rodrigues thinks the challenges of the aviation world should be taken in stride.
Time Out Abu Dhabi
15-05-2025
- Business
- Time Out Abu Dhabi
There's a new loyalty rewards programme between Etihad Airways and TAP Air Portugal
There's big news for frequent flyers – and if you're sitting on a stash of Etihad Guest Miles or racking up TAP Miles&Go points, you're going to want to pay attention. From now, Etihad Airways and TAP Air Portugal have officially launched a new frequent flyer partnership, letting you earn and redeem miles across both airlines. That's right – you can now jet from Abu Dhabi to Lisbon (or Lisbon to Abu Dhabi) and cash in on those hard-earned points no matter who you booked with. This is the latest step in the Etihad–TAP relationship, which began in 2023 with a codeshare deal designed to boost global connectivity. That move opened up more destinations across Europe, the Americas, Africa and the Middle East – and now, the two flag carriers are taking things to the next level by integrating their loyalty programmes. Here's how it works: Etihad Guest members can now earn miles when flying with TAP Air Portugal and spend them on flights, hotel stays, shopping or holidays via the Etihad Guest Reward Shop. Meanwhile, TAP Miles&Go members can do the same on Etihad Airways, tapping into a network that includes emerging hotspots like Chiang Mai, Medan and Hong Kong. And yes, this means you could now technically earn points sipping a cold drink in Porto and spend them sunning yourself on Saadiyat Beach. Not bad. Flying away soon? UAE residents can now save *big* time on flights thanks to a new Skyscanner feature No complaints here 25 visa-on-arrival destinations UAE residents can visit Hassle-free travel? Count us in Flying from Abu Dhabi soon? Here's your ultimate guide to Zayed International's Pearl Lounge Talk about travelling in style
Arabian Business
14-05-2025
- Business
- Arabian Business
Etihad and TAP Air Portugal announce frequent flyer partnership
Etihad Airways and TAP Air Portugal have launched a frequent flyer partnership. The agreement enables members of both Etihad Guest and the TAP Miles&Go programme to earn and redeem their respective loyalty currency on either carrier. Etihad Guest members are able to redeem their miles on flights, worldwide hotel stays and holidays, or shop from a variety of products from the Etihad Guest Reward Shop. Etihad and TAP Air Portugal announce frequent flyer partnership TAP Miles&Go member miles can be spent on flights and a range of additional offers such as TAP Store items. Mark Potter, Managing Director Etihad Guest, said: 'We're delighted to launch our frequent flyer partnership with TAP Air Portugal, offering our members even more ways to earn and redeem their miles across the airline's network in the Americas, Europe and Africa. 'We're devoted to expanding our Etihad Guest offering and rewarding our loyalty members wherever they travel. We look forward to welcoming TAP Miles&Go members on Etihad Airways and offering them the ability to earn or redeem their miles when they choose to travel across our expanding network.' This partnership follows the strategic codeshare established between the carriers in 2023, unlocking enhanced connectivity for guests and offering more destinations and further choice through a fully global network. Networks of both airlines complement each other with destinations across North and South America, Europe, Africa, Asia, Australia and the Middle East. The codeshare allows Etihad Guest members to be rewarded for travel to destinations such as Los Angeles, Rio de Janeiro and Cancun, whilst TAP Miles & Go members will be able to earn miles exploring Etihad's expanding network with new destinations such as Chiang Mai, Hong Kong and Medan. Pedro Flores Ribeiro, Director TAP Miles&Go, said: 'It's very exciting to be able to offer our TAP Miles&Go members the possibility of redeeming their miles with Etihad flights across a range of attractive destinations. 'We also welcome Etihad Guest members to discover TAP Air Portugal network and our warm Portuguese hospitality and service.'
