TAM Q1 earnings rise 44%

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  1. jbcarioca
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    jbcarioca Gold Member

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    São Paulo , May 16, 2011 – (BM&FBOVESPA: TAMM4, NYSE: TAM) We present our results for the first quarter of 2011 (1Q11). The operating and financial information, except when indicated otherwise, are presented based on consolidated number and in Reais (R$), according to the international accounting principles, IFRS (International Financing Reporting Standards – issued by IASB).


    · Net revenue of R$ 3,042.5 a 16.8% increase compared to 1Q10, mainly due to increase in passenger revenue and the creation of Multiplus

    · Net Income of R$128.8 million reversing a net loss of R$ 71.0 million in 1Q10

    · Total RASK of R$15.9 cents, 3.9% growth versus 1Q10

    · International RASK in dollars was 7.0 cents, a 2.1% increase compared with 1Q10

    · CASK of R$15.4 cents, an increase of 3% compared to 1Q10

    · CASK-ex fuel of R$9.8 cents, a 3.8% decrease compared to same period last year

    · Increase of 11.9% in the number of transported passengers registering 9.3 million in the first quarter 2011

    · EBIT of R$ 110.2 million, an increase of 43.6% representing a margin of 3.6%

    · Load factor of 74%, combining the domestic and international markets, an increase of 1.9 percentage points versus the same period last year.


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