TAP $1.7B Net Loss Reveals Airline In Crisis; Restructuring Underway
Credit: Rob Finlayson
TAP Air Portugal is reporting a full-year net loss of €1.6 billion ($1.7 billion) for 2021, widened from its €1.2 billion loss incurred in 2020. During 2021, TAP carried 5.8 million passengers, which was 25.1% higher than 2020, but only a third of the passengers carried in 2019. TAP added 28.8% more...
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