TAM's 2007 net income dropped 78.9% to BRL128.8 million ($74 million) from BRL611.8 million in the prior year as it contended with both the aftermath of the July A320 crash that killed 199 people and ongoing ATC problems in Brazil. The carrier called 2007 "a year of many challenges" and said the accident combined with Brazil's aviation "infrastructure" issues (ATWOnline, July 30, 2007) and "high volatility" in the global economy drove the poor result, but it expressed optimism about future ...

Subscribe to Access this Entire Article

"TAM's 2007 profit sinks 78.9%" 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.