Portugal’s TAP profit falls on foreign exchange losses
LISBON (Reuters) – Portuguese airline TAP said on Thursday its second-quarter net profit fell 10% to 72.2 million euros ($80.3 million), as foreign exchange losses from the devaluation of the Brazilian real offset an operating income increase. The state-owned flag carrier’s operating income rose 3.4% to 1.1 billion euros during the period, with passenger revenues …
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