LISBON (Reuters) – Portugal's ailing state-owned airline TAP on Monday posted an annual loss of 1.6 billion euros ($1.74 billion) hurt by the closure of its aircraft maintenance business in Brazil and the depreciation of the euro against the dollar.

LISBON (Reuters) – Portugal's ailing state-owned airline TAP on Monday posted an annual loss of 1.6 billion euros ($1.74 billion) hurt by the closure of its aircraft maintenance business in Brazil and the depreciation of the euro against the dollar.