TAM News

TAM Q1 Profit Up On Lower Fuel Costs

May 7, 2009

Brazil's leading airline, TAM, posted a 26 percent rise in first-quarter net profit on Thursday, as lower fuel costs and higher passenger receipts helped it recover from a heavy loss in the previous quarter.
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TAM Says Well Placed For Downturn

May 6, 2009

Brazilian airline TAM is "well positioned" to withstand the current economic downturn and the burden of costly fuel hedge contracts that have weighed on its balance sheet, chief executive David Barioni Neto said in an interview on Tuesday.
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TAM Posts Q4 Loss On Fuel Hedges

March 31, 2009

Brazilian airline TAM posted a large fourth-quarter loss on Tuesday, reversing a profit in the year-earlier period because of steep losses on fuel hedges and a weaker currency.
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