TAP says that the crisis in Brazil was the main cause of losses in 2015 – PressTUR

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The company does not specify what the impact of <- - StartFragment!>
 crisis in Brazil, saying only that it “caused not only a volume break
 traffic but also a significant reduction in the average rate. “

TAP moved however to PressTUR had
 a drop in traffic on the routes of Brazil at 3.9%, which accounted for
 2014 38.4% of total traffic in RPK (passengers x kilometers flown,
 drive more used in aviation), the second most important sector,
 short only of intra-European international calls, which accounted for
 38.8% of the total.

Data to the PressTUR had access indicate,
 without specifying by network industries, the TAP had in 2015 a decrease of
 number of passengers at 0.7%, but a decrease in RPK of 1.6%, despite having
 increasing the capacity (ASK locations x = winged km) of 0.9%, which is
 It resulted in a decrease in average occupancy rate of flights in two points to
 78.6%.

The evolution of this indicator is low in one of the
 factors that certainly penalized the profitability of TAP operation beyond
 impact of falling prices, which has been widespread and that IATA has
 associated with the decline in fuel prices.

One of the indicators that companies follow
 to assess the evolution of the profitability of its operations is the weight of
 yield (average price paid by passengers flown kilometer that TAP never
 reveals) the occupancy rate.

In the drop in prices of times, so that
 companies must also compensate partially this trend is to
 up the load factor for increased traffic and / or reduction in capacity.

The data released today by TAP do not give
 any sign as to what have been the company’s strategy, which had a
 drop in total income (including maintenance for third parties) by 3.7% or 91
 million euros to 2,398 million, with revenues from tickets and load
 have decreased by 4.9% or 114 million to 2,207 million.

From the operating costs, TAP had
 also a reduction, but less than the fall in revenues, 3.1% or 72 million
 to EUR 2,269 million, for which included the price reduction of
 fuels, the main cost item, 17.3% or 138 million, to
 660 million.

Despite this ‘ride’ of the fuel, the result
 operating TAP which had been positive in 2013, amounting to 34 million
 euros, but already in 2014 had slipped to the ‘red’, with a loss of 6.5
 million in 2015 was an increase to 109 million, of which 91 million are
 due to the recognition of a loss from previous years with Venezuela,
 amount of 91 million.

This situation, according to the statement of
 company, in addition to “the economic crisis and Brazil’s policy” reflects “the
 worsening employment situation at the end of 2014 and the second quarter of 2015, ”
 saying, “affected market confidence in TAP”, but also “a lesser
 scale, “the company was penalized by the” contraction of the Angolan economy “, which
 “Influenced also negatively affecting air links also
 Company results “

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adjusted loss TAP fell 83.5% in 2015

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