Brazil’s TAM Posts 1Q Net Profit As Demand Exceeds Capacity Growth
Brazil’s largest operator TAM posted a BRL128.8 million (US$78.7 million) net profit in the first three months of the year, a nearly BRL200 million improvement on the BRL70.9 million loss from the same period in 2010. The improved performance came on a 16.8%, or BRL438.2 million, year-on-year rise...
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