Hardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 46
Reply 2, posted (9 years 3 months 1 day 8 hours ago) and read 2609 times:
Quoting LipeGIG (Reply 1): Interesting fight... also Gol market value is almost 2x higher than Tam, a clear indication that they keep showing better results and forecasts.
Agree. GOL's performance is superior to TAM. But this is an interesting competition. You can note that TAM now also has a Investor Relations specific website. GOL aggresive expansion is also driving TAM to become faster in its decision making process.
Here is the link to the full press release on TAM's results:
TAM's "cash in hand" = BRL 1.2 billion or USD 600 million (they can easily buy the slots is LHR! )
TAM's increase in international supply was +25.8% which was made possible with the introduction of new routes and two additional A330s: GRU-JFK; FLN-EZE; REC-CDG; SSA-MIA. For the 2nd quarter TAM will launch MAO-MIA daily.
LipeGIG From Brazil, joined May 2005, 11496 posts, RR: 57
Reply 4, posted (9 years 3 months 22 hours ago) and read 2548 times:
Really impressive JJ numbers. We have to note that they are very happy with the nowadays R$/US$ rate (around R$ 2,055 = US$ 1,00). It makes cheaper maintenance and leasing, while as their revenue is almost 80% domestic, their revenue in US$ does not reduce profits (in fact they help to improve profits).
5 A320 with 12C 144Y (156 seats) used on international flights to EZE and on GRU-GIG-GRU legs as well as GIG-SSA-REC-NAT-REC-SSA-GIG, and more 2 coming to run MAO-MIA flight as well as new flights to EZE (rumors that the weekly GIG-EZE will become daily or 2x daily very soon as JJ has the approval for more flights to EZE, a GIG-CWB-EZE could also become real)
This monday JJ will improve GIG-BSB from 6 to 8 daily flights and very soon GIG-CWB and GIG-POA will be also upgraded by them.
Quoting Hardiwv (Reply 2): Agree. GOL's performance is superior to TAM. But this is an interesting competition. You can note that TAM now also has a Investor Relations specific website. GOL aggresive expansion is also driving TAM to become faster in its decision making process.
In fact Tam in investing a lot in technology, they are ahead of Gol (the only one with check-in machines in Brazil) and last week they launch their new website allowing their customers to reserve seats, something we couldn't do in the past.
But as per your comments in other thread, they need to upgrade their product (Business) as soon as they can.
New York + Rio de Janeiro = One of the best combinations !