TAP Portugal reported a 2014 loss of €46 million ($50.4 million), reversed from a net profit of €34 million in 2013. This is the Portugal flag carrier’s first loss after five consecutive years of profit. The airline said that circumstances—such as additional aircraft delivery delays, announcements of industrial actions and a number of operational issues—resulted in a global impact of around €108 million. In addition, TAP said that some one-off situations in ...

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