Air Transport World

TAM.(LATIN AMERICA/CARIBBEAN Report)(financial results of TAM Brazil)(Brief article)

TAM reported first-quarter net income of BRL59.2 million ($29.2 million), down 53.3% from BRL126.7 million last year, mainly attributable to a 37.4% year-over-year increase in aircraft costs and a 40.9% rise in personnel expenses as it continued to expand into the vacuum created by the near demise of Varig. …

Log in to your account to read this article – and millions more.