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TAP Air Portugal records EUR 34m net income in 2016

TAP Air Portugal regressa aos lucros em 2016 com EUR 34m

Intel ID : 245705
Synopsis

TAP Air Portugal, a Lisbon-based airline, had a positive net result of EUR 34m in 2016, according to a company statement published on 1 March 2017.

The profits were achieved even with a revenue fall of EUR 2,242m - EUR 156m below the EUR 2,398m recorded in 2015. However, the fall was sharply offset by the reduction of operating costs stood at EUR 2,042m - EUR 227m below 2015.

The year of 2016 is still marked by the launching of the expansion plan in North America, with the new routes of Boston and New York (JFK). The weekly frequencies for Newark and Miami also increased, and more than doubled the weekly operation of the airline in the United States of America.
(content in portuguese)

A TAP Air Portugal, companhia aérea portuguesa com sede em Lisboa, obteve um resultado líquido positivo de EUR 34m em 2016, regressando aos lucros, segundo publicou a empresa em Comunicado no dia 01 de março de 2017.

O regresso da companhia aérea aos lucros foi possível apesar de uma quebra nas receitas, que totalizaram EUR 2.242 milhões, EUR 156 milhões abaixo dos EUR 2.398 milhões registados em 2015. Esta quebra, no entanto, foi fortemente compensada por uma redução ainda mais expressiva dos custos operacionais, que ficaram pelos EUR 2.042 milhões, menos EUR 227 milhões que em 2015.

O ano de 2016 fica ainda marcado pelo início do plano de grande expansão no mercado norte-americano, com a abertura das rotas de Boston e Nova Iorque (JFK). Aumentou-se também as frequências semanais para Newark e Miami, e mais do que duplicou-se a operação semanal da companhia aérea portuguesa nos Estados Unidos da América.

Relevant Documents

Target


Intel ID 245705
Value ND
Native Currency Euro (EUR)
Financial Data - TAP Air Portugal
(31 Dec 2022)
Revenue: EUR 205,56m
Net Debt: EUR 230,88m
People: 114
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Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Transport, Aviation and Logistics (Primary)
Primary Sector (TTRSC)
35.10.02 Aviation
35 Industrials / 35.10 Transportation & Logistics

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Description

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

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