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HomeEconomyTAP posts $111...

TAP posts $111 million profit in Q3 but losses continue

TAP ended the third quarter of the year with a profit of €111.3 million, a balance it said was “driven by strong operating results and positive effects.” implementation of the exchange rate coverage policy”, representing an increase of 182.8% compared to the same period in 2021.

In a note published this Wednesday, the airline says it posted a “historic record operating income” of 1.1 billion euros between July and September, “surpassing pre-crisis levels by 7.5%.” achieve “unprecedented financial performance”.

However, for the accumulated nine months of the year, the air carrier continues to record losses, this time 90.8 million rubles.

The results were published this Wednesday by the Securities Market Commission (CMVM).

Author: business magazine
Source: CM Jornal

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