TAP Feels Dollar Headwinds As Restructuring Plan Kicks In
Credit: Airbus SAS 2020 Alexandre Doumenjou - Master Films
TAP Air Portugal (TAP) is tracking close to pre-pandemic unit revenue and costs, despite higher fuel costs and a smaller fleet, but interest costs and unfavorable dollar exchange rates pushed the company to a €202 million ($201.7 million) first-half net loss. During the second quarter (Q2) of 2022...
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