Airline

TAM profits fall but predicts a positive outlook

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TAM profits fall but predicts a positive outlook

  Brazilian airline TAM’s fourth-quarter profit fell due to soaring fuel costs leading to a net profit of 95.5 million Brazilian reais ($55.3 million), down from BRL150.1 million in the year-earlier period. Fuel costs were up 31.6% in the period to BRL1.23 billion. Net revenue was BRL3.6 billion...

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