TAP Q3 profits up 21%

TAP Portugal has posted a third-quarter net profit of €102.3 million, which is a rise of 21% over the same period last year. “The fact that more than two-thirds of our revenues are generated abroad, and that our network covers different parts of the world, from Eastern Europe, Africa, to Latin America, gives us greater defense against disruption in any particular market,” TP CEO Fernando Pinto said. TAP carried 3.1 million passengers during the period, while in the first nine months of the year the airline carried7.8 million passengers representing a rise of 4.1%.