TAP Portugal Profitable For Third Straight Year Despite Rising Fuel Costs

TAP Portugal managed to eke out a €3.1 million ($4.1 million) net profit in 2011 despite a 37% increase in fuel costs. TAP’s operating result was down 60%, however, as a result of the cost hike and came in at €41.1 million. Having posted its third consecutive annual profit since 2009 is particularly...

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