Brazil's TAM reverses loss in Q3
Friday, 13 November 2009
SAO PAULO, Nov 12 (Reuters): TAM Linhas Aereas, Brazil's biggest airline, reported Thursday third-quarter net income of 348 million reais ($202 million), compared with a net loss of 663.6 million a year earlier.
Earnings before interest, taxes, depreciation, amortisation and lease rentals, a measure of operational profitability and cash generation known as EBITDAR, fell 10.6 per cent to 377.1 million reais from 421.8 million in the same period of 2008.
Earnings before interest, taxes, depreciation, amortisation and lease rentals, a measure of operational profitability and cash generation known as EBITDAR, fell 10.6 per cent to 377.1 million reais from 421.8 million in the same period of 2008.