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.

Tags:

You May Also Like

Brazil’s Asylum to Italian Terrorist Leads Rome to Recall Ambassador

The Italian government recalled its ambassador to Brazil, this Tuesday, January 27, for consultations ...

Lula Tells Brazil to Get Some Self-respect

“Brazil deserves a chance to take its place among the world’s great nations, but ...

International Experts Study in Brazil the Amazon Drought

Brazilian specialists from the National Water Agency (ANA) and researchers from France, Bolivia, and ...

Once World’s Top Rubber Producer, Brazil Imports the Product Today

The Brazilian production of rubber increased 233% in the last 12 years. The internal ...

Brazil’s Minimum Wage: Government and Unions Adopt Hard Line on Negotiations

Brazil’s labor Union Força Sindical says it will insist on a minimum wage of ...

Brazil Buying Russian Anti-Air System. Move to Stir Up LatAm and the US

In a move certain to irk the United States and elevate the temperature of ...

With an Eye on Reelection Brazil President Is Back on Twitter After Three-Year Silence

The president of Brazil, Dilma Rousseff, is breaking close to three years of silence ...

Brazil Industry Has Worst Semester Since 1975

In Brazil, the industry grew 0.2% in June when compared to May, the sixth ...

Brazil and Argentina Relations Enter a New Stage with Nukes and Biofuels

Dilma Rousseff, the new president of Brazil, will arrive in Argentina this Monday on ...

23 de Maio Avenue in São Paulo, Brazil

Sí£o Paulo, Brazil, Among Planet’s 20 Wealthiest Towns

Mexico City, Buenos Aires and São Paulo are among the twenty richest cities in ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`