TAM Announces Third Quarter 2007 Results
November 09 2007 - 6:00AM
PR Newswire (US)
SAO PAULO, Brazil, Nov. 9 /PRNewswire-FirstCall/ -- TAM S.A.
(BOVESPA: TAMM4, NYSE: TAM), reports its third quarter results for
2007 (3Q07). Operational and financial data, except where otherwise
indicated, are presented based on amounts consolidated in Reais
(R$) and prepared in accordance with accounting principles
generally accepted in Brazil (BR GAAP). (Logo:
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO )
Operational Performance Domestic Operations -- TAM reached 49.3%
average market share in 3Q07. -- ASKs (capacity) increased 12.7% in
3Q07 compared to 3Q06 as a result of the increase in the operating
fleet of 18 A320, 2 A319 and 2 A321, compensated by 9 F100 returned
and other 6 in redelivery and the reduction in block hours by
aircraft from 12.9 hours/day to 12.6 hours/day (total operation).
-- RPKs (demand) decreased 0.2% in 3Q07 compared to 3Q06. -- TAM's
domestic load factor decreased to 67.3% in 3Q07, compared to 75.9%
in 3Q06. International Operations -- TAM reached 66.2% average
market share in 3Q07 -- ASKs (capacity) increased 73.4% in 3Q07,
due to the increase of 1 A330 and 3 MD11 into our international
operating fleet allowing the beginning of daily flights to London
and Milan, the second daily frequency to New York and the third
daily flight to Paris. In South America we started daily flights to
Cordoba and Caracas and increased our operations to Buenos Aires
through the increase in the narrow body fleet in the region. --
RPKs (demand) increased 55.3% comparing 3Q07 with 3Q06. -- TAM's
international load factor decreased 8.3 p.p. to 71% in 3Q07
compared to 79.2% in 3Q06. Financial Performance -- Total CASK
decreased by 10.2% in 3Q07 compared to 3Q06. -- EBIT and EBITDAR
margins of 2.8% and 15.2% respectively. -- Net income of R$ 48.5
million, a positive margin of 2.4%. -- Our total cash and cash
equivalents equalled R$2,471 million To see the full press release,
visit the company's website: http://www.tam.com.br/ir
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO
http://photoarchive.ap.org/ DATASOURCE: TAM S.A. CONTACT: Libano
Miranda Barroso, TAM Investor Relations, +011-55-11-5582-9715, or
fax, +011-55-11-5582-8149, Web site: http://www.tam.com.br/
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