Airline

TAM posts loss for the third quarter

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TAM posts loss for the third quarter

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 ...

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