12-Nov-2012 3:05 PM

TAP Portugal reports record quarterly results in 3Q2012

TAP Portugal reported (08-Nov-2012) a 21% year-on-year increase in net profit to EUR102 million in the three months ended Oct-2012, the carrier's best quarterly result on record. The carrier transported 3.1 million passengers and for the first time, passenger traffic surpassed the one million mark in each month. Aug-2012 was particularly impressive, with 1.1 million passengers, making it the airline’s best month on record. Markets that have shown the most growth Europe, particularly Belgium/Luxembourg, Germany, Scandinavia and the Eastern European countries. The US market also showed growth of 22%, reflecting the success of the airline’s Miami route. [more - original PR]