Brazil’s TAM Profits Grow Over 600% This Year

Brazzil Magazine covers

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

Brazzil Magazine covers

Brazil, Don’t Blame the Air Controllers, But the Man Where the Buck Stops

The siege around the common Brazilian citizen is an old story. It has been ...

Brazzil Magazine covers

Brazil’s Truth Commission Wants Armed Forces to Tell Truth About Torture

Brazil’s National Truth Commission (CNV) wants the Army, Air Force and Navy commands to ...

Brazzil Magazine covers

The Real Cost Brazil: a Lavish State Machine That Doesn’t Deliver

A major survey of Brazil by the Economist has made the country once more ...

Brazzil Magazine covers

Lawsuits Won’t Stop Brazil from Building World’s Third Largest Hydroelectric Plant

Despite nasty court battles started by Indians, environmental activists and some of its own ...

Brazzil Magazine covers

Brazil Expands Umbilical Cord Blood Banks. Country Depends 90% on Imports.

By the beginning of next year, Brazil’s public system of umbilical cord blood banks ...

Brazzil Magazine covers

Cashew Nut Harvest Almost Doubles in Brazil. Most of It Goes to the US

Brazil expects a record cashew nut harvest this year. According to figures supplied by ...