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 ...

Subscribe to Access this Entire Article

"TAM posts big first-quarter earnings gain" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.