Europe

TAP Air Portugal first quarter net losses sink further

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TAP Air Portugal first quarter net losses sink further

TAP Air Portugal's first quarter net losses fell down a quarter year-on-year (YoY) to €71.9 million, with operating revenues up a marginal 3% to €862 million and operating costs up higher at 8% to €919 million. The operating costs reflect its 57% hike in labour costs. Passenger revenues were ...

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