TAM Reports Healthy Profits In Fourth Quarter

Brazilian carrier TAM reported a net income for the fourth quarter 2006 of BRL1.34 million (US$646,843), a 57% improvement from its fourth-quarter 2005 results. Operational income was BRL19.28 million (US$9.2 million), a 6.3% decrease from fourth quarter 2005. Gross operating revenue was up 22.9% to...

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