Angola’s national state airline TAAG recorded a net loss of $144.6 million for 2025, which the airline says is due to its modernization and reorganization process.
In a May 22 statement, Board Chairman Clóvis Rosa described the deficit not as a sign of financial trouble, but as the price of transformation, stemming from fleet modernization, operational restructuring, and post-cyberattack system recovery.
He added that the figures reflected a challenging period for the global aviation industry, citing rising operating costs, volatile fuel prices, aircraft and component shortages, stricter regulatory requirements, and operational restrictions—pressures it says are compounded by the airline’s own expansion push across African markets.
In December 2025, Miguel Carneiro, chief commercial officer at the state-owned carrier, told Aviation Week, “There is a positive trend at TAAG in terms of our financials, which have gone from $250 million plus losses [annually] to just about $120 million [annual loss in 2024] in the last three years. We expect to be a net profitable airline by 2028. It is a work in progress.”
TAAG invested $411 million during 2025, carried 1.26 million passengers—up 0.8% year-on-year—across 26 domestic, regional, and intercontinental routes, and generated revenues of $437 million. The airline ended the year with a fleet of 32 aircraft, with the Boeing 787-9 and Airbus A220-300 central to its modernization strategy.
Other highlights included establishing Luanda’s Dr. António Agostinho Neto International Airport as a regional hub, progressing new routes to London, Guangzhou, and Accra, and hiring 275 technical staff. A further 130 cadet pilots and 60 maintenance technicians were enrolled in training programs. A structural partnership with Lufthansa Consulting, operating under the PALANCA program, is supporting reforms across safety, maintenance, flight operations, and financial management.
Rosa described 2026 as a potential “turning point” for the carrier. “We are aware of the existing challenges,” he said, “but also of the responsibility we have toward passengers, partners and the country in building a more reliable, more efficient and better prepared company for the future.”
Under TAAG’s 2024–2029 strategic plan, the southern African carrier aims to reach annual revenues of $1.3 billion by 2028–2029.
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