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TAP Portugal returned to profitability in 2016, posting a net profit of €34 million for the year. The return to profitability was in spite of a €156M decline in revenue, from €2.242B in 2015 to €2.398B. However, this was more than compensated for by substantially reduced operating costs, which at €2.042B were €227M lower than in 2015. Read more →