TAM reported first-quarter net income of BRL56.9 million ($26.7 million), up 21.8% from BRL46.7 million in the year-ago period, citing increased revenue generated by new long-haul flying and lower fuel costs. First-quarter revenue lifted 17.1% to BRL2.74 billion including a 29.9% hike in gross international passenger revenue to BRL796.9 million. Expenses heightened 13.1% to BRL2.45 billion owing to higher maintenance costs and real depreciation. It said operating profit more than doubled to ...

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