TAM records 1Q2011 profit, remains bullish on Brazilian market

Premium Analysis

Brazil’s TAM has reported an increase in profits for 1Q2011 and is sticking with its previous guidance for 2011 despite rising oil prices. TAM remains bullish for the domestic and international markets with its purchase of a stake in regional carrier TRIP, expected to close within 90 days, further boosting its presence in the fast-growing Brazilian domestic market.

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