TAP Portugal returns to profit in 2016

Credit: Rob Finlayson
TAP Portugal has posted a full-year net profit of €34 million ($35.8 million) for 2016, marking its return to profitability. Revenue for the year fell €156 million to €2.2 billion, but operating costs dropped by €227 million to €2 billion, triggering the bottom line turnaround. The Portuguese flag...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.