TAM Posts USD$348 Mln Quarterly Loss

November 10, 2011

Bookmark and Share

Brazilian airline TAM posted a third-quarter net loss of BRR620 million reais (USD$348 million) on Thursday, compared with a BRR734 million reais profit a year earlier.

Earnings before interest, taxes, depreciation and lease rentals, EBITDAR, fell 13 percent to BRR852 million reais.

(Reuters)