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TAP Air Portugal 2010 profit up 9%

4-Mar-2011 12:06 PM

TAP Air Portugal reported an 8.7% year-on-year increase in profit to EUR62.3 million on the back of a 15.8% growth in revenue to EUR2200 million in 2010 (Boston Globe/Bloomberg, 03-Mar-2011). Details include:

  • Revenue: EUR2200 million, +15.8% year-on-year;
  • Profit: EUR62.3 million, +8.7%;
  • Passenger numbers: 9.0 million, +7.1%;
  • 2011 forecast:
    • Passenger numbers: 9.5 million, +5.6%.