Air Transport World

Tam.(LATIN AMERICA/CARIBBEAN Report)(sales and earnings of TAM Linhas Aereas S.A.)(Brief article)

TAM's 2007 net income dropped 78.9% to BRL128.8 million ($74 million) as it contended with both the aftermath of the July A320 midair collision that killed 199 people and ongoing ATC problems in Brazil. It called 2007 "a year of many challenges" and said the accident combined with Brazil's aviation "infrastructure" issues and "high volatility" in the global economy drove the poor result, but it expressed optimism about future prospects. …

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