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TAP down but recovering after first quarter
Lisbo, Portugal - A net loss of EUR 45.5m
TAP Air Portugal reported a net loss of EUR 45.5m for the first quarter ended March 31 compared to a loss of EUR 63.3m last year. Operating revenues increased 1.2% to EUR 254.7m and operating expenses decreased 1.4% to EUR 287.7m. The result was an operating loss of EUR 33m, improved from an operating loss of EUR 40.2m in 2001 but behind a budget forecast that called for an operating loss of E...
AVIONEWS - World Aeronautical Press Agency - 28667
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency