Brazil's Tam SA posts Q4 net loss of Dh683.5m

Brazil's Tam SA posts Q4 net loss of Dh683.5m. (REUTERS)

Tam SA, Brazil's biggest airline, posted a net loss of 334.1 million reais (Dh683.5m) for the fourth quarter of 2009 according to International Financial Reporting Standards.

According to Brazilian generally accepted accounting principles, the net profit in the period was reais143.9m, said Tam.

The airline, is forecasting 14 per cent to 18 per cent growth in domestic air travel demand in 2010 and a 12 per cent gain in total capacity.

 

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