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TAP reports EUR111m loss in 1H2013; pax up 4.9% and ticket sales up 4.4%

28-Aug-2013 10:00 AM

TAP Portugal reported (27-Aug-2013) a EUR111 loss in 1H2011, down 8.8% year-on-year, though passengers increased 4.8% year-on-year to 4.9 million and ticket sales increased 4.4% year-on-year, to EUR974 million. TAP president Fernando Pinto said the carrier is continuing to improve productivity levels, and still expects to achieve positive operating results by the end of 2013. [more - original PR - Portuguese]