TAP Portugal Airbus A340-300. By Rob Finlayson TAP Portugal reported annual net income of €15.9 million ($21 million), more than quadrupled from a €3.1 million profit in the year-ago period. The airline said the results were due to efforts to improve efficiency year-over-year. This is its fourth year in a row of positive results, mainly due to the expansion of TAP operations. In 2012, the Portuguese carrier reduced its total debt from €1 billion to €862 million. ...

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