TAP registers profits in 2016 after two money-losing years

After two years of losses, Portugal’s national airline TAP registered a profit of €34 million in 2016.

Though revenue was down to €2.2 billion (a €156 million drop compared to 2015), the airline was able to compensate by reducing its “operational costs”.

A programme entitled RISE was announced last October by TAP president Fernando Pinto to improve its financial efficiency and ensure “a solid future” for the company.