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TAM announces the first-quarter profit 2007

Sao Paolo, Brazil - +15% compared with the same period of 2006

Brazil's leading airline, TAM Linhas Aereas on Thursday reported a 53% decline in first-quarter profit as it added new planes to its fleet, increasing leasing costs. Net income fell to 59.2 million reais ($29.32 million) in the first quarter from 126.7 million reais a year earlier. Net operating revenue grew 15.4% to 1.83 billion reais as Sao Paulo-based TAM increased domestic flights and added...

AVIONEWS - World Aeronautical Press Agency - 1074360

AVIONEWS - World Aeronautical Press Agency
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