LipeGIG
Topic Author
Posts: 5048
Joined: Tue May 03, 2005 7:33 am

TAM Posts $ 99.5 Mm 3Q Profit

Thu Nov 02, 2006 12:04 am

Just one day after announce they will buy 4 Boeing 777-300ER with more 4 options, TAM released their 3Q results with very good numbers.

Net profit in BR-GAAP was US$ 99,5 million (R$ 212,7 million) and net cash of more than US$ 1 billion (R$ 2,234 billion).

Load factor was 76,9% (Domestic 75,9% International 79,2%), which means demand is still very high (4 years ago was closer to 59% !).

TAM fleet by the end of 3Q was 90 planes (10 A332, 45 A320, 13 A319 and 22 F100) but this number has been already increase to 93 and it's expected to reach 96 by year end.

Revenue goes up by 35% over 3Q 2005, Yield grow 4% and RASK (international) 21,6% while domestic RASK grows only 1,1%. Cargo business also grow 24,5%

Future Plans: Tam confirm their 3rd flight to CDG and also say "Two new international long haul frequencies"

Felipe
New York + Rio de Janeiro = One of the best combinations !
 
tonytifao
Posts: 788
Joined: Wed Mar 02, 2005 10:22 pm

RE: TAM Posts $ 99.5 Mm 3Q Profit

Thu Nov 02, 2006 1:37 am

Go TAM!

I cant wait to fly their 777s in the future!
 
JJMNGR
Posts: 924
Joined: Wed May 26, 2004 9:06 pm

RE: TAM Posts $ 99.5 Mm 3Q Profit

Thu Nov 02, 2006 4:27 am

There are plans for the 3rd flight to CDG extends to another station. Can´t tell you for instance what probably route would be.
 
HALFA
Posts: 1027
Joined: Sun Jan 18, 2004 8:24 am

RE: TAM Posts $ 99.5 Mm 3Q Profit

Thu Nov 02, 2006 4:57 am

Quoting LipeGIG (Thread starter):
Future Plans: Tam confirm their 3rd flight to CDG and also say "Two new international long haul frequencies"

Great news Felipe!
Any idea where the two new routes will be? I remember you telling me you thought Milan would be one. How about Los Angeles?

Aloha,
HALFA
HA J Class Lie flats, coming soon to a plane near you........
 
LipeGIG
Topic Author
Posts: 5048
Joined: Tue May 03, 2005 7:33 am

RE: TAM Posts $ 99.5 Mm 3Q Profit

Thu Nov 02, 2006 5:07 am

Quoting HALFA (Reply 3):
Great news Felipe!
Any idea where the two new routes will be? I remember you telling me you thought Milan would be one. How about Los Angeles?

Hi Halfa !
Yes, Milan it's included but it depends on bilateral change. One should be GIG-MIA and the other GRU-MXP. Unfortunately, no comments from Tam CEO and CFO today about new US destinations.

Felipe
New York + Rio de Janeiro = One of the best combinations !

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