TAP Air Portugal reported a profit of US$86 million for 2010, an increase of 8.7 over the previous year, the best result ever in the history of the company. Most of the growth came from routes to Brazil and Angola, said a TAP source. In 2010 TAP carried 9.09 million passengers, or 7.7 percent more than in 2009.
In 2010 TAP generated 51 percent of its revenues from flights to Brazil and Africa, which posted a rise of 33 percent for Brazil and 6 percent for Africa. Last year 1.4 million passengers used TAP to fly to Brazil and 602,000 to fly to Africa. Angola was the sixth most important market for TAP in 2010, with the top three places occupied by Portugal, Brazil and France.
TAP Portugal, which is a state owned company, is the leading Portuguese airline and a Star Alliance member, the world’s largest network of airlines. From its hub in Lisbon, TAP Portugal operates numerous domestic destinations in Portugal,and internationally in north America, Europe, Africa and US. With 74 flights per week, it is the European airline with the most flights to Brazil.