TAP Portugal narrowed its first-half loss to €30 million ($41.1 million) from €52 million in the first half of 2006 on an 11.4% year-over-year increase in revenue to €806 million. The airline said that while it considers a full-year net earnings target of €37.9 million to be a "great challenge," its board "is standing by its determination to do everything" to reach it. TAP earned €7.3 million in full-year 2006, but noted that "traditionally the second semester ...

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