TAM matches Gol with 77% third-quarter profit decline
TAM's third-quarter net income plunged 77.2% to BRL48.5 million ($27.8 million) from BRL212.7 million in the year-ago quarter as it contended with rising costs and flat revenue in the aftermath of July's fatal A320 accident at Sao Paulo Congonhas. TAM's profit decline was nearly identical to that of...
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