TAM Presents 4Q07 Operating Indicators
March 11 2008 - 10:52PM
PR Newswire (US)
SAO PAULO, Brazil, March 11 /PRNewswire-FirstCall/ -- TAM S.A.
(Bovespa: TAMM4 e NYSE: TAM) presents below its preliminary and non
audited 4Q07 and consolidated 2007 operating indicators. Data is
presented according to different accounting rules, the first table
in BR GAAP and the second in US GAAP. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) BR GAAP*
Change (%) 4T07 2007 4T06 2006 4T Year Total RASK (cents of reais)
(1) (2) 17.87 17.12 19.28 20.65 -7.3 -17.1 Load factor - % 71.0
70.4 71.5 73.9 -0.5 p.p. -3.5 p.p. Yield Total (cents of reais) (1)
(3) 26.00 25.30 28.21 29.29 -7.8 -13.6 RASK Scheduled Domestic
(cents of reais) 16.69 15.51 17.53 19.88 -4.8 -22.0 Scheduled
Domestic Load factor - % 70.4 69.5 69.7 72.0 0.7 p.p. -2.5 p.p.
Yield Scheduled Domestic (cents of reais) 24.90 23.42 26.42 29.06
-5.8 -19.4 RASK Scheduled International (cents of reais) 11.26
12.44 16.60 16.22 -32.2 -23.3 Scheduled International Load factor -
% 71.0 70.5 73.7 76.3 -2.7 p.p. -5.8 p.p. Yield Scheduled
International (cents of reais) 15.88 17.66 22.58 21.28 -29.7 -17.0
Yield Scheduled International (cents of USD) 8.96 9.15 10.56 9.82
-15.1 -6.8 Total CASK (cents of reais) 17.22 16.57 16.98 17.85 1.4
-7.1 CASK-ex fuel (cents of reais) 11.99 11.25 11.52 11.86 4.1 -5.2
*according to non-audited numbers for the 4Q07 (1) Includes Revenue
PAX, Cargo and others, (2) Net of taxes, (3) Gross of taxes. US
GAAP* Change (%) 4T07 2007 4T06 2006 4 T Year Total RASK (cents of
reais) (1) (2) 17.82 17.08 19.28 20.61 -7.6 -17.1 Load factor - %
71.0 70.4 71.5 73.9 -0.5 p.p. -3.5 p.p. Yield Total (cents of
reais) (1) (3) 26.00 25.30 28.21 29.29 -7.8 -13.6 RASK Scheduled
Domestic (cents of reais) 16.69 15.51 17.53 19.88 -4.8 -22.0
Scheduled Domestic Load factor - % 70.4 69.5 69.7 72.0 0.7 p.p.
-2.5 p.p. Yield Scheduled Domestic (cents of reais) 24.90 23.42
26.42 29.06 -5.8 -19.4 RASK Scheduled International (cents of
reais) 11.26 12.44 16.60 16.22 -32.2 -23.3 Scheduled International
Load factor - % 71.0 70.5 73.7 76.3 -2.7 p.p. -5.8 p.p. Yield
Scheduled International (cents of reais) 15.88 17.66 22.58 21.28
-29.7 -17.0 Yield Scheduled International (cents of USD) 8.96 9.15
10.56 9.82 -15.1 -6.8 Total CASK (cents of reais) 17.15 16.22 17.02
17.54 0.8 -7.6 CASK-ex fuel (cents of reais) 11.92 10.89 11.56
11.55 3.1 -5.8 *according to non-audited numbers for the 4Q07 (1)
Includes Revenue PAX, Cargo and others, (2) Net of taxes, (3) Gross
of taxes According to TAM's policy of follow up guidance provided
to the market, we present 2007 results vis-a-vis the guidance
released at the end of 2006: Guidance 2007 Jan - Dec 07 Mercado --
Market demand growth from 10% to 15% (in RPK terms) 11.9 % TAM --
Average domestic market share 48.9 % above 50% -- Average domestic
load factor at approximately 70% 70.5 % -- Aircraft utilization per
day (block hour) higher than 13 hours 12.6 -- Reduction of 7% in
total CASK ex-fuel in BR GAAP yoy 5.2 % -- Opportunity in the
international market - Third frequency to Paris Since January -
Inauguration of two new Milan (March), international long haul
Frankfurt (November) frequencies and Madrid (December) Despite the
challenges during the year, we practically exceeded all of our
targets. The exceptions were (1) the CASK reduction, which reached
74% of target, impacted mainly by (2) the aircraft utilization per
day and by the above planned international expansion, which led to
additional set-up costs. The aircraft utilization per day was
affected by the regulatory / operational changes in the industry
throughout 2007. (3) Market share came in at 1.1 percentage points
below target mainly due to the increase in capacity in the industry
for the year above that which was originally guided in 2006. TAM,
aligned with the best corporate governance practices, highlights
the delivery of the guidance, reinforcing its commitment to the
market in realizing the targets defined by the company. We believe
this is the pillar to assure transparency to the analysts of the
main houses that cover the company (that can be found in the
website http://www.tam.com.br/ir) as well as to all investors.
About TAM: TAM (http://www.tam.com.br/) has been the leader in the
Brazilian domestic market for more than three years, and held a
50.6% domestic market share and 67.3% international market share at
the end of February 2008. TAM operates regular flights to 45
destinations throughout Brazil. It serves 82 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 4.5 million subscribers and has awarded more than 5.2
million tickets.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
DATASOURCE: TAM S.A. CONTACT: TAM Investor Relations,
55-11-5582-9715, fax: 55-11-5582-8149, ; or Press Agency,
55-11-5582-8167, fax: 55-11-5582-8155, ; or MVL Comunicacao,
55-11-3594-0302, 55-11-3594-0304, or 55-11-3594-0305 Web site:
http://www.tam.com.br/
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