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Is TAM Operating In The Red?  
User currently offlineAntiuser From Italy, joined May 2004, 657 posts, RR: 1
Posted (8 years 10 months 1 week 5 days ago) and read 2786 times:

I was under the impression that, of all Brazilian majors, RG was the only one not posting profits, but someone on another forum recently said JJ was also starting to shift into the red zone. Is this information true? From what I've seen and heard from/about TAM and Gol, both companies seem to be financially solid and keep profitable operations...

Thanks in advance!


Azzurri Campioni del Mondo!
7 replies: All unread, jump to last
 
User currently offlineLipeGIG From Brazil, joined May 2005, 11438 posts, RR: 58
Reply 1, posted (8 years 10 months 1 week 4 days 17 hours ago) and read 2750 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Antiuser (Thread starter):
I was under the impression that, of all Brazilian majors, RG was the only one not posting profits, but someone on another forum recently said JJ was also starting to shift into the red zone. Is this information true? From what I've seen and heard from/about TAM and Gol, both companies seem to be financially solid and keep profitable operations...

No Antiuser, TAM just post their best result for the 3Q: R$ 93,3 million (US$ 42,4 million). All the numbers are better than last year, including a 50% increase in the number of pax (nowadays TAM is a 20 mm pax / year company ). Both EBIT and EBITDAR are better (+11% and + 22%) over 2004 numbers.
TAM keep R$ 708 million of cash on hand (US$ 321 million).
Their long term debt is R$ 492 million, or in other words, they can pay at sight!

No doubt they hold a very confortable financial position.

Regards,
Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 49
Reply 2, posted (8 years 10 months 1 week 4 days 17 hours ago) and read 2743 times:

Quoting LipeGIG (Reply 1):
No doubt they hold a very confortable financial position.

Lipe's information is correct. TAM has a very comfortable financial situation, and has posted record profits so far.

It is also important to note that from a purely operational point of view, RG is also a profitable airline. RG's problems lies on its huge debt. Last year and this year RG posted operating profits as far as I know.

Rgs,


User currently offlineA342 From Germany, joined Jul 2005, 4682 posts, RR: 3
Reply 3, posted (8 years 10 months 1 week 4 days 17 hours ago) and read 2731 times:

I read an article about TAM in the German Aerointernational. There it was also said that TAM was in the red, but because, attention now, in TAM papers red is used for marking positive results while blue is for negative ones. It was also speculated if the entry into the "red" was the reason to repaint the aircraft from blue tails to red ones...


Exceptions confirm the rule.
User currently offlinePPVRA From Brazil, joined Nov 2004, 8964 posts, RR: 39
Reply 4, posted (8 years 10 months 1 week 4 days 16 hours ago) and read 2712 times:

Quoting A342 (Reply 3):
I read an article about TAM in the German Aerointernational. There it was also said that TAM was in the red, but because, attention now, in TAM papers red is used for marking positive results while blue is for negative ones. It was also speculated if the entry into the "red" was the reason to repaint the aircraft from blue tails to red ones...

Man I don't buy that....

JJ did post negative results for Q2 though. Maybe that's what it is.

Cheers



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineLipeGIG From Brazil, joined May 2005, 11438 posts, RR: 58
Reply 5, posted (8 years 10 months 1 week 4 days 15 hours ago) and read 2687 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting A342 (Reply 3):
I read an article about TAM in the German Aerointernational. There it was also said that TAM was in the red, but because, attention now, in TAM papers red is used for marking positive results while blue is for negative ones. It was also speculated if the entry into the "red" was the reason to repaint the aircraft from blue tails to red ones...

On it's biography, Mr. Rolim Amaro (former TAM President) made a statement in CGH about 10 years ago " In some years we will be the only aircraft ON blue ". It's just because in 1995 TAM was the only red tail airline (and a minor player) against the Blue tails of RG and TP. Seems he's right...

Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineAntiuser From Italy, joined May 2004, 657 posts, RR: 1
Reply 6, posted (8 years 10 months 1 week 4 days 15 hours ago) and read 2682 times:

Quoting Hardiwv (Reply 2):
Lipe's information is correct. TAM has a very comfortable financial situation

As I expected. Thanks Lipe and Hardi.



Azzurri Campioni del Mondo!
User currently offlineJJMNGR From Brazil, joined May 2004, 1018 posts, RR: 15
Reply 7, posted (8 years 10 months 1 week 4 days 11 hours ago) and read 2645 times:

Gentlemen,

A342 is correct. The executives of the company are monitored in their particular budged using graphics and statistic information using colours.

It is right when he says that when an executive has a RED issue, means is on track and everything is good (red is the colour of the company). The there is a BLUE, seems things are not very weel and improvements must be done. The average result is printed in YELLOW.

Might be curious but it is like this...

Cheers,


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