TAP Portugal swings to 2009 profit

TAP Portugal recorded a 2009 net profit of €59 million ($79 million), a sweeping reversal from the €209 million deficit incurred in 2008, crediting its change in fortunes to declining fuel prices, cost-cutting measures, a "selective" capacity reduction and a commercial policy that allowed it to...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.