TAM Posts USD$348 Mln Quarterly Loss

November 10, 2011

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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.