A report by the national flag carrier stated that the market was experiencing a hangover from the disturbance experienced in the second half of last year and in particular extended strike action in May.
Operational results were also adversely affected with passenger revenues down almost four percent on last year.
This is saddening news. TAP is one of the finest airlines in the World, it is a Portuguese Crown Jewel. It will be a great mistake ever to sell or close down this beautiful business. Times will surely change, and the best and most reliable airlines like TAP will survive. One must hope that the politicians won't mess around with this remarkable company.
By William Kern from Madeira on 26 Sep 2015, 17:32