TAP has delivered a €57-million net profit in 2009, recovering from a €209-million loss the year before. Reduced fuel costs and other measures helped TAP offset the €283-million drop in revenue last year from 2008 levels. Fuel savings alone were enough to offset the revenue decline, the airline says, but capacity cuts and other steps helped generate a further €201 million in savings.


You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Profits in Portugal".


Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.


Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.