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. 7), which occurred after the June reporting period ended, are unknown as it does "not have sufficient information" on the cause and potential damages. TAM's second-quarter loss and a negative ...
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