TAP Air Portugal informed of accumulated results of 203.5 million euros
Source: TAP Third quarter of the year with record profits of 180.5 million euros In the first nine months of 2023, TAP once again achieved a historic milestone by generating a record net profit of 203.5 million euros. Operating Revenues in the first nine months of 2023 have surged to EUR 3.2 billion, demonstrating a significant increase of EUR 725m (+29.7%) compared to the same period in 2022. The first nine months have witnessed a significant performance in our financial and commercial metrics. TAP has delivered a Recurring EBITDA of EUR 752.4m, with a margin of 24%, as well as a solid Recurring EBIT of EUR 400.7m, with a margin of 13%. At the end of June 2023, TAP reimbursed [...]