13-Nov-2009 2:28 PM
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