Tam, Brazil’s largest airline by market value, has posted a third-quarter loss of 606.2 million reais ($344 million), a 17% fall in the real led to increased financial costs. Tam posted profit of 745.5 million reais a year earlier. Net sales rose 13% to 3.32 billion reais. Chief Financial Officer Libano Barroso expects growth in the country’s airline traffic to slow to 8% to 12% next year.

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