Bogota | Portuguese Translation - TAP Profits

Portuguese to English Translation - Traducción portugués al inglés en Bogotá

Manchete: TAP volta a registrar lucro em 2016

Headline:  TAP returns to profitability in 2016

Portuguese airline TAP recorded a profit of 34 million euros in 2016 after two years of operating in the red. Even with lower revenues compared to 2015, the company achieved major cost cutting - which generated the positive result. Revenue last year totaled 2.2 billion euros, while in 2015 cash flow was 2.39 billion euros. Costs have already declined from 2.27 billion to 2 billion euros.

Investments made by TAP during the year contributed to the positive result after the capitalization of the new shareholders. In Portugal, the company created TAP Express, offered new routes, and renewed the fleet of its regional flights. In addition, the company doubled its operations in the North American market, increasing the number of flights on existing routes and creating new ones.

[Read another Portuguese to English translation about Brazil's economic stimulus package.]

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