TAP Portugal has reported full-year 2013 net income of €34 million ($46.8 million), more than doubling the carrier’s €15.9 million profit reported for 2012. The results reflected a fifth consecutive year of profitability for the Lisbon-based airline. In 2013, TAP decreased its total debt from €791 million to €585 million. Aggregate debt dropped from 32% of total income in 2012 to 24% of the company’s total income in 2013. Total 2013 revenue rose to €2.48 ...

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