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...

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