TAM Adapts its New Fleet Plan for Narrow Bodies
September 04 2007 - 9:43AM
PR Newswire (US)
Review follows demand growth expectations for coming years SAO
PAULO, Brazil, Sept. 4 /PRNewswire-FirstCall/ -- TAM (Bovespa:
TAMM4 and NYSE: TAM) announces a review of its fleet plan for
narrow body aircraft starting in 2008 based on new demand growth
expectations in the domestic market. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO ) The
impact of the fleet plan is reflected in the annual reduction of 5
narrow body Airbus aircraft starting in 2008. The new fleet plan
and a comparison of the current narrow body Airbus fleet and the
one prior to the review are presented in the tables below: New
Fleet Plan 2007 2008 2009 2010 2011 F100 6 0 0 0 0 Airbus
narrow-body 87 98 101 107 110 Airbus wide-body 15 16 20 20 20 MD11
3 0 0 0 0 B777 0 4 4 4 6 Airbus Narrow-body 2007 2008 2009 2010
2011 Previous 87 103 106 112 115 Current 87 98 101 107 110
Regarding the international market, the fleet plan remains
unchanged. The Company maintains strong expansion plans operating
direct flights to Europe (Paris, London and Milan) and USA (Miami
and New York). As of November 30, TAM will begin daily flights to
Frankfurt and by December a direct daily flight to Madrid. In
addition to the flights operated with our own aircraft, we are also
implementing the following code-share agreements: - Since September
1, 2007 with TAP, - October 2007 with LAN, - November 2007 with
United Airlines, - December 2007 with Lufthansa. For 2007, we
maintain our guidance released at the end of last year, set forth
in the following table: Guidance 2007 1H07 Market -- Domestic
Market growth 10% - 15% 12.6%* TAM -- Average domestic market share
above 50% 49.3%* -- Average domestic load factor of approximately
70% 72.1%* -- Average block hours per day higher than 13 hours 12.8
-- Total CASK ex-fuel reduction in BR GAPP of 7% yoy 9.2% --
Opportunity in the international market -- Third frequency to Paris
Since January -- Inauguration of two new international Milan long
haul frequencies (March), Frankfurt and Madrid (December) *
Accumulated from January to July 2007 Investor Relations Contact:
Press Agency Contact: Phone: (55) (11) 5582-9715 Phone: (55) (11)
5582-8167 Fax: (55) (11) 5582-8149 Fax: (55) (11) 5582-8155
http://www.tam.com.br/ri About TAM: TAM (http://www.tam.com.br/)
has been the leader in the Brazilian domestic market since July
2003, and held a 50.6% domestic market share and 64.3%
international market share at the end of July 2007. 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 4.0 million subscribers and has awarded more than 4.3
million tickets.
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO
DATASOURCE: TAM CONTACT: Libano Miranda Barroso, TAM Investor
Relations, +011-55-11-5582-9715, fax, +011-55-11-5582-8149, Web
site: http://www.tam.com.br/
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