TAM suffered a BRL112.7 million ($52.2 million) loss in the third quarter, reversed from a BRL48.5 million profit in the year-ago period, despite a 40.5% surge in operating revenue to BRL2.9 billion. The Brazilian carrier's costs grew 36.2% to BRL2.73 billion but BRL301.5 million in financial charges, owing mainly to losses on fuel hedges, dragged its operating result into the red. Operating loss was BRL152.9 million compared to a BRL78.3 million profit last year. Passenger numbers rose 17% ...

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