| Airline | Image | IATA | ICAO | Callsign | Commenced operations | Ceased operations | Notes |
|---|
| ACEF Transportes Aereos Cargas | | | CFM | ACEF | 1998 | 2003 | OperatedConvair 440,Convair 580 |
| Aero Algarve | | | DSK | SKYBANNER | ? | ? | [3] |
| Aero Portuguesa | | | | | 1934 | 1953 | Absorbed byTAP |
| Aero Vilamoura | | | VMR | AERO VILAMOURA | 2000s | 2000s | OperatedCessna Skyhawk[4] |
| Aerobeira | | | ARA | AEROBEIRA | ? | ? | [5] |
| Aerocondor |  | 2B | ARD | AEROCONDOR | 1984 | 2008 | |
| Agroar Carga Aérea |  | | GRR | AGROAR | 1992 | 2011 | |
| Air Atlantis |  | EJ | AIA | AIR ATLANTIS | 1985 | 1993 | |
| Air Columbus |  | BO | CNB | AIR COLUMBUS | 1988 | 1994 | |
| Air Global | | | | | 1998 | 1999 | Operated leasedBoeing 737-300[6] |
| Air Luxor |  | LK | LXR | AIRLUXOR | 1988 | 2006 | |
| Air Madeira |  | MM | MMZ | | 1993 | 2000 | Renamed toEuroAtlantic Airways |
| Air Sul |  | FK | SUL | AIRSUL | 1989 | 1992 | Operated leasedBoeing 737-200[7] |
| Air Zarco |  | MM | MMZ | | 1993 | 2000 | Used trade nameAir Madeira |
| Algarvilara | | | ALR | ALGARVILARA | ? | ? | [8] |
| Arlinair Portugal |  | | RLP | | 2008 | 2012 | Renamed toLease Fly. OperatedATR 42 |
| ARTOP (Aero Topográfica) | | | | | 1958 | 1958 | OperatedMartin PBM Mariner[9] |
| Avialgarve |  | | AVG | ALGARVE | 1988 | 1996 | OperatedFalcon 20,Beech Baron,Rockwell Turbo Commander[10] |
| Eurafric | | | | | 1988 | 1996 | [11] |
| Euroair |  | | | | 1993 | 1994 | Established asLinhas Aéreas Regionais in 1985. OperatedDornier 228[12] |
| LAR Transregional |  | TH | PDF | | 1985 | 1993 | Renamed toEuroair. OperatedBritish Aerospace ATP |
| Lusitania Airways | | | LUA | LUSITANIA | 2008 | 2009 | Charter carrier. OperatedAirbus A320-200[13] |
| Luzair |  | | LUZ | LISBON JET | 1998 | 2011 | |
| Masterjet |  | | LMJ | MASTERJET | 2003 | 2016 | Established asAir Luxor Corporate Jets. Renamed toLuxaviation Portugal[14] |
| Orbest |  | 6O | OBS | ORBEST | 2007 | 2020 | Merged withEvelop Airlines and renamed toIberojet |
| OceanAir | | | OCN | OCEANAIR | 1990 | 1998 | Renamed toSATA International[15] |
| PGA Express |  | OC | OAC | | 2001 | 2015 | |
| PGA Portugália Airlines |  | NI | PGA | PORTUGALIA | 1990 | 2016 | RebrandedTAP Express |
| Portugália Airlines | | NI | PGA | | 1989 | 1997 | Renamed to PGA Portugália Airlines |
| SATA International |  | S4 | RZO | AIR AZORES | 1998 | 2015 | Renamed/merged toAzores Airlines |
| Sociedade Açoreana de Estudos Aéreos | | | | | 1947 | 1980 | Renamed toSATA Air Açores. Operatedde Havilland Dove,Douglas DC-3,Douglas DC-6,HS 748[16] |
| TAP Air Portugal |  | TP | TAP | | 1979 | 2005 | Renamed toTAP Portugal |
| TAP Portugal |  | TP | TAP | | 2005 | 2017 | Renamed toTAP Air Portugal |
| Transportes Aéreos Portugueses |  | | | | 1946 | 1978 | Renamed toTAP Air Portugal. OperatedDouglas DC-3,Douglas DC-4,Boeing 707,Lockheed Super Constellation,Sud Aviation Caravelle[17] |
| Windavia Airlines |  | | | | 2013 | 2014 | OperatedAirbus A320-200 |
| Yes - Linhas Aéreas Charter |  | | YSS | | 2000 | 2004 | OperatedLockheed L-1011 TriStar |