TAM reports $15 million second-quarter loss on rising costs

With costs growing at twice the rate of revenue, TAM reported a second-quarter net loss of BRL28.6 million ($15 million), reversed from a BRL97.1 million profit in the year-ago quarter. The carrier noted that costs and claims related to the July 17 A320 crash at Sao Paulo Congonhas ( ATWOnline , Aug...

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