TAP privatization stays on track despite jet-fuel shock as IATA warns airlines face higher fares and reduced capacity
TAP Air Portugal chairman Carlos Oliveira said rising fuel costs are not expected to derail the carrier’s privatization, with a strategic partner selection potentially by year-end. Speaking at the IATA AGM in Rio de Janeiro, airline leaders also cited post-pandemic pressure as fuel prices and Iran-linked airspace disruptions force capacity and fare trade-offs.