TAP records EUR83m loss in 1H2014, debt under EUR1bn for first time since 2006: Parpublica

TAP Portugal recorded (29-Aug-2014) an EUR83.4 million net loss in 1H2014 and its debt decreased by EUR80 million to EUR972 million, as confirmed by Portugal's state holding company Parpublica. Parpublica noted this was the first time TAP's debt dropped below EUR1 billion since 2006, while TAP's debt now accounts for 85% of Grupo TAP's consolidated debt. Most of this is medium and long-term debt extending to 2020. [more - original PR - Portuguese]