TAM 3Q2009 revenue down 16.5%, operating profit down 43%

TAM revenue down 16.5% - financial highlights for the months ended 30-Sep-2009 (according to Brazilian accounting standard);

• Operating revenue: USD1,394 million, -16.5% year-on-year;
• Operating costs: USD1,336 million, -14.8%;
  • Fuel: USD404.2 million, -36.5%;
  • Labour: USD279.8 million, +8.3%;
• EBIT: USD58.3 million, -42.5%;
• EBITDA: USD142.8 million, -19.6%;
• EBITDAR: USD218.3 million, -10.6%;
• Net profit: USD200.6 million, compared to a loss of USD382.5 million in the previous corresponding period;
• Revenue per ASK: USD 8.65 cents, -25.0%;
• Yield: USD 11.35 cents, -25.2%;
• Cost per ASK: USD 8.30 cents, -23.5%;
• Cost per ASK ex-fuel: USD 5.82 cents, -10.3%;
• Passenger numbers: 7.7 million, stable;
• Load factor: 69.7%, -2.5 ppts;
• Breakeven load factor: 66.35, -1.5 ppt. [more]

*Based on the conversion rate at USD1 = BRL1.735