These results, positive for the second time in 30 years, come from a 9% increase in income, and come in spite of the increase in fuel prices that caused an additional 75 million euro fuel bill. For 2005 the forecast is of a more moderate growth in income, around 4% to 6%.
Fernando Pinto stated that the Brazilian operation, now with 38 weekly flights, already represents 22% of the total income of the airline. "For each 100 euro that enters the company, 22 come form Brazil, 50 from Portugal and the rest from Europe. We made Portugal a great platform for traffic distribution between Europe and Brazil", reports the CEO.
He also stated that "from here now, only the companies that modernize will survive. This is what we are doing. We started a new cycle, with a new image that shows a young and aggressive company".
Original source, in Portuguese only:
Great news for TAP, Fernando Pinto is doing a really great job and I only hope that this growth continues for years to come. And I just love the new livery!
Photo © PEDRO ALMEIDA
Photo © Luis Pontes