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  • Chidozie Uzoezie

TAAG Angola Records Historic Profit of Over 460 Million Kwanzas


TAAG Angola Airlines has recently shared the company results regarding the 2022 financial performance, following best practices in transparency and duty to inform key stakeholders. The airline reported a profit in the 2022 financial year (local currency overview) after years of losses.


The press conference opening speech was given by Chairwoman Ana Major, followed by comprehensive explanations from the CEO, Eduardo Fairen, and CFO Gabriela Bastos. Overall, several topics were discussed within (but not limited to) the company transformation journey, business status, and strategy.


The executives also highlighted the key measures adopted by the Board of Management to empower such positive results, as well as TAAG´s vision for the business ahead.


Emphasis on the financial performance and business K.P.I, namely the recovery of volume metrics, unit revenue above pre-pandemic levels, progress in improving all costs, and balance sheet stabilization. Thus, the company is driving negotiations of a new short/long-haul fleet aiming to increase from 20 to 50 aircraft until 2027, following demand dynamics and the business plan. 


Despite the challenging scenario in 2022 namely, high fuel prices, covid restrictions, supply chain constraints, and other external factors, the company was able to recover the pace from 2019 activity levels in the key metrics, achieving positive results in 2022.


As the global aviation industry gradually recovers from the effects of the pandemic, TAAG's financial results in 2022 mark a promising trajectory for the airline's future growth and development.


With efficient operation, increased passenger confidence, and a solid foundation, TAAG Angola Airlines is well-positioned to remain a key player in the panorama of local, regional, and international aviation.

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Comments (25)

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21 sept. 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

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30 sept. 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

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kasarokcaesar
24 oct. 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

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10 nov. 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

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18 nov. 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

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04 déc. 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


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15 déc. 2022

WoW. Amazing Review. 👍

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07 janv. 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

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07 août 2023
En réponse à

Where is here.

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27 janv. 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

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27 févr. 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


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