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17-Aug-2009 2:16 PM

TAM 2Q2009 revenue down 8.6%

TAM revenue down 8.6% - financial highlights:

  • Three months ended 30-Jun-2009:
    • Revenue: USD1,242 million, -8.6% year-on-year;
    • Operating costs: USD1,325 million, +3.6%;
      • Fuel: USD335.1 million, -37.3%;
      • Labour: USD273.6 million, +22.1%;
    • Operating profit (loss): (USD82.4 million), compared to a profit of USD80.1 million in the previous corresponding period;
    • Net profit: USD426.4 million, +134.1%;
    • Passenger numbers: 7.1 million, -6.0%;
    • Load factor: 64.4%, -6.0 ppts;
    • Breakeven load factor: 68.7%, +2.4 ppts;
    • Revenue per ASK: -20.9%;
      • Domestic: USD 7.1 cents, -25.2%;
      • International: USD 4.9 cents, -21.7%;
    • Yield:
      • Domestic: USD 12.2 cents, -17.0%;
      • International: 7.1 cents, -16.1%;
    • Cost per ASK: +10.4%;
    • Cos per ASK ex fuel: +15.0%;
  • Six months ended 30-Jun-2009:
    • Revenue: USD2,669 million, +3.4%;
    • Operating costs: USD2,629 million, +6.8%;
    • Operating profit: USD39.7 million, -66.6%;
    • Net profit: USD459.8 million, +115.1%;
    • Passenger numbers: 14.4 million, -4.5%;
    • Load factor: 65.8%, -6.0 ppts;
    • Breakeven load factor: 64.8%, -3.7 ppts;
    • Revenue per ASK:
      • Domestic: USD 7.4 cents, -17.0%;
      • International: USD 5.8 cents, -6.2%;
    • Yield:
      • Domestic: USD 12.5 cents, -8.2%;
      • International: USD 8.3 cents, +0.5%.
  • *Based on the conversion rate at USD1 = BRL1.85 [more]

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