TAM S.A. 1st Quarter Results Announcement
May 12 2008 - 9:10PM
PR Newswire (US)
SAO PAULO, Brazil, May 12 /PRNewswire-FirstCall/ -- TAM S.A.
(BOVESPA: TAMM4, NYSE: TAM), reports its first quarter results for
2008 (1Q08). Operational and financial data, except where otherwise
indicated, are presented based on amounts consolidated in Reais
(R$) and prepared in accordance with accounting principles
generally accepted in Brazil (BR GAAP). (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) To see
the full press release, visit the company's website:
http://www.tam.com.br/ir. Conference calls Portuguese English May
13, 2008 May 13, 2008 10:00 am (Brazil time) 11:30 am (Brazil time)
09:00 am (US EDT) 10:30 am (US EDT) Phone: +55 (11) 2188-0188
Phone: +1 (973) 935-8893 Password: TAM Password: 46701383 Replay:
+55 (11) 2188-0188 Replay: +1 (706) 645-9291 Available from
05/13/2008 until Available from 05/13/2008 until 05/20/2008
05/20/2008 Code: TAM Code: 46701383 Highlights -- 7.6 million
passengers transported - an increase of 13% -- Decrease in block
hours/day per aircraft from 13.0 to 12.6 -- Gross Revenues of R$
2.3 billion, an increase of 22.7% -- Redelivery of two F100s,
compensated by the delivery of 1 A320 in 1Q08 vs. 4Q07 -- Begin of
code share operations with LAN Peru -- IOSA certificate (IATA
Operational Safety Audit) renewed until January 2010 -- Firm
contract for acquisition of 22 A350 XWBs, four A330-200s and 20
A320 aircraft -- Easy Web Check-in expanded for international
Destinations -- Conclusion of 30 business agreements (SPAs),
reaching 64 airline partners abroad -- 153 thousand shares bought
back Combination of TAM's Loyalty Program with Lufthansa's Miles
& More Operational Performance Domestic Operations -- TAM
reached 50.0% average market share in 1Q08. -- ASKs (capacity)
increased 14.2% in 1Q08 compared to 1Q07 as a result of the
increase in the operating fleet of 16 A320 and 3 A321, compensated
by 13 F100 reduction and other 3 in redelivery and the reduction in
block hours by aircraft from 13.0 hours/day to 12.6 hours/day
(total operation). -- RPKs (demand) increased 14.6% in 1Q08
compared to 1Q07. -- TAM's domestic load factor increased to 70.9%
in 1Q08, compared to 70.7% in 1Q07. International Operations -- TAM
reached 67.7% average market share in 1Q08. -- ASKs (capacity)
increased 49.7% in 1Q08, due to the increase of 2 A340 and 2 A330
and into our international operating fleet allowing the beginning
of long haul daily flights to Frankfurt and Madrid. In South
America we started daily flights to Caracas and Montevideo through
the increase in the narrow body fleet in the region. -- RPKs
(demand) increased 61.3% comparing 1Q08 with 1Q07. -- TAM's
international load factor increased 5.6p.p. to 76.8% in 1Q08
compared to 71.2% in 1Q07. Financial Performance -- Total CASK
increased by 2.1% in 1Q08 compared to 1Q07, and CASK excluding fuel
decreased 5.5%. -- EBIT and EBITDAR margins of 0.8% and 12%
respectively. -- Net income of R$ 2.6 million, a positive margin of
0.1%. -- Our total cash and cash equivalents equaled R$ 2,226
million. -- Return on Assets (ROA) of 1.1% -- Return on Equity
(ROE) of 4.9% Investor Relation contacts: Tel.: (5511) 5582-9715
Fax: (5511) 5582-8149 http://www.tam.com.br/ri About TAM: TAM
(http://www.tam.com.br/) has been the leader in the Brazilian
domestic market for more than four years, and held a 47.1% domestic
market share and 72.4% international market share at the end of
April 2008. TAM operates regular flights to 42 destinations
throughout Brazil. It serves 79 different cities in the domestic
market through regional alliances. Additionally, it maintains
code-share agreements with international airline companies that
allow passengers to travel to a large number of destinations
throughout the world. TAM was the first Brazilian airline company
to launch a loyalty program. Currently, the program has over 4.7
million subscribers and has awarded more than 5.5 million tickets.
Forward-looking statement: This notice may contain estimates for
future events. These estimates merely reflect the expectations of
the company's management and involve risks and uncertainties. The
Company is not responsible for investment operations or decisions
taken based on information contained herein. These estimates are
subject to changes without prior notice.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
DATASOURCE: TAM S.A. CONTACT: Investor Relations, Libano Miranda
Barroso (CFO), or Roberta Noronha (Manager Investor Relations), or
Jorge Helito (Investor Relations Analyst), or Andre Ferreira
(Investor Relations Analyst), all of TAM, +5511-5582-9715, Fax,
+5511-5582-8149, Web site: http://www.tam.com.br/
http://www.tam.com.br/ri
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