TAP Portugal parent TAP Group reported a €72.4 million ($104.3 million) net loss in the first half, a 53.2% improvement on the €154.9 million lost in the year-ago semester. Operating revenue decreased 11.8% year-over-year to €927 million and costs fell 19.9% to €855.2 million, including a 49.7% reduction of its fuel bill to €157.6 million. "The world economic crisis has continued to strongly affect airline transport with substantial drops in passenger volumes ...

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