TAP Portugal's net loss grew deeper to EUR44 million (US$53.5 million) in the first half of 2005 despite higher sales and passenger numbers. Operating revenue rose 8% to EUR605 million (US$736 million) in the first six months. The Portuguese operator carried more than 3 million passengers, up 8.2% from the same period a year ago. TAP's operating loss also widened, to EUR36 million. TAP stressed, however, that it managed to reduce its total debt by EUR12 million in the first half to ...


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