TAP's fortunes on the rise

TAP Portugal expects to report positive results for 2007, its second straight year in the black, despite increasing competition from low-cost carriers. "All parameters are good, even very good, and they would have been a lot better if we did not face these very high fuel prices," CEO Fernando Pinto told ATWOnline during the Star Alliance meeting last week in Beijing. The carrier made €7.3 million ($11.4 million) in 2006 (ATWOnline, March 14). Passenger numbers will rise by ...