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 rival Gol (ATWOnline, Nov. 8), with both carriers' load factors noticeably dropping as domestic demand fell far short of matching large capacity increases. The TAM A320 crash that killed 199 ...

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