TAP Air Portugal Earnings Weighed Down by Costs, Currency Effects

By MarketWatch   |   1 year ago
TAP Air Portugal Earnings Weighed Down by Costs, Currency Effects

TAP Air Portugal's third-quarter earnings decreased due to currency losses and higher costs, with a net profit of 117.8 million euros. Despite increased revenue, operating costs rose primarily due to employee-related expenses. The company saw a slight increase in passengers flown but flat passenger income growth.

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