TAM reported today that it has doubled its First Quarter 2006 profits to USD55 Million (BRL 111 Million).
The doubling of profits came in the wake of an increase in 20% in domestic demand for tickets. In the First Quarter 2006 TAM has transported 5,55 million pax, an increase of 31.5% compared to 2005.
TAM closed the quarter with a domestic market share of 43.8% as Brazilian number one airline. TAM international market share is of 22.3%.
TAM's healthy results are, however, behind its major oponent GOL Intelligent Airlines which posted a record 1st Quarter 2006 profit of USD 80 million (BRL 160.7 million). http://www.airliners.net/discussions...general_aviation/read.main/2738508
Well done GOL and TAM!