Brazil’s TAM Profits Grow Over 600% This Year

The Brazilian airline TAM had profits of US$ 44.5 million in the second quarter of the year, and of US$ 95.5 million, in the first semester, according to information released by the company.

The value registered in the first six months of the year is 622.6% greater than in the same period in 2005. Up to June, the company’s net assets were of US$ 563.7 million.

In the second quarter, gross revenues reached US$ 825.5 million, an increase in 39.5% in relation to the same quarter in 2005. From January to June, gross revenues totalled US$ 1.6 billion, result 32% greater than last year.

In the semester, the airline company transported 11.6 million passengers, 33.4% more than in the same period in 2005.

TAM flies today to 47 destinations in Brazil and, with commercial agreements with regional companies, reaches a total of 72 locations.


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazil’s Central Bank Workers Go Back on Strike Tuesday

The two-day strike of Brazil’s Central Bank employees ended, Thursday, August 25, but will ...

Brazil’s Sea of Mud Ends Up Swallowing Finance Minister

Brazil’s Finance Minister Antonio Palocci, 45, architect of the government’s orthodox market policies stepped ...

Brazil’s Shameful National Team

None of Brazil’s star players took part at the recent Copa America. These part-time ...


Ready to surf I was very happy about the article “Catch-up Time” published in ...

Brazil's Guarani Indian children eat at school

8,000 Indian Families Risk Starvation in Brazil

Since the beginning of the year, about 110,000 Brazilian families have not been receiving ...

Vale Buys for US$ 3.8 Billion Bunge’s Fertilizer Operation in Brazil

Brazil’s mining company Vale and multinational company Bunge announced the signing of an agreement ...

For Lula, 2006 Will Bring the Brazil He Dreams Of

In his weekly radio program, "Breakfast with the President," Brazilian President Luiz Inácio Lula ...

Brazil Says Stopping WTO Talks Wasn’t Their Decision

Negotiations among four key World Trade Organization (WTO) governments over a new global agreement ...