TAM Sees Earnings Fall As Operating Costs Skyrocket
Brazilian carrier TAM recorded a net loss of R$28.6 million (US$14.7 million) for the second quarter -- a substantial swing from last year's R$97.1 million profit - partly due to a steep 28.5% increase in operating costs for the growing airline. Fuel cost was the main offender, rising 26.2% to R$641...
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