TAM's first-quarter net income soared 107.9% compared to the year-ago period to R$111.2 million ($53.6 million) on a 24.6% rise in revenues to R$1.7 billion. Brazil's leading airline said the addition of four A320s and two A330s facilitated an expansion of services that increased revenue-generating opportunities, while costs were lowered by upping fleetwide aircraft utilization from 10.6 to 12.4 average block hr. per day. Total operating expenses grew 20.3% to R$1.4 billion and operating ...

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