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Airline News
Africa / Middle East
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Latin America / Carib
North America

Star Alliance, TAM

Star Alliance expects to make an announcement regarding a new Latin American partner this year, CEO Jaan Albrecht said on the occasion of Turkish Airlines' joining in Istanbul. He acknowledged that it is "no secret" Star is talking to TAM and that a number of members already have bilateral partnerships with the Brazilian carrier. Star has had no presence in the region since the collapse and dismissal of Varig. Mexicana withdrew in 2004. Apr 2, 2008

TACA

El Salvador-based airline TACA sees 2008 revenues up 15 percent to USD$1.1 billion as solid passenger growth in Central and South America offsets flat or lower traffic from the United States. TACA President Roberto Kriete told the Reuters Latin America Investment Summit that passenger growth next year will come down to between 10 and 15 percent from the 20 percent the airline has seen in past years. TACA serves more than 35 cities, including daily flights to nine major cities in the United States, whose economy has been slowing rapidly and hurting most business and trade. Despite the US slump, Kriete said Latin America's commodity-based economies would continue to expand as they did in 2007 and are expected to grow this year. Expanding economies go hand-in-hand with airline use. Kriete said passenger traffic between North America and Central America has been flat so far in 2008. Kriete also said the global aviation industry was suffering from skyrocketing jet fuel prices, a consequence of high crude costs. Fuel for TACA represents 35 percent of costs, and Kriete said the company was hedging jet fuel at lower costs but saw tough times ahead. Apr 3, 2008

TAM

TAM of Brazil posted a 63 percent decline in fourth-quarter earnings on Monday. Net profit slumped to BRR49.8 million reais (USD$28.6 million) from BRR136.2 million in the same period in 2006. For the whole of 2007, TAM reported net income of BRR128.8 million, down sharply from BRR611.8 million in 2006. Apr 2, 2008

TAM's 2007 net income dropped 78.9% to BRL128.8 million ($74 million) from BRL611.8 million in the prior year as it contended with both the aftermath of the July A320 crash that killed 199 people and ongoing ATC problems in Brazil. The carrier called 2007 a year of many challenges and said the accident combined with Brazil's aviation infrastructure issues and high volatility in the global economy drove the poor result, but it expressed optimism about future prospects. Full-year revenue increased 11% to BRL8.15 billion but expenses jumped 24.3% to BRL7.89 billion, producing operating income of BRL262 million, down 73.7% from BRL996.6 million in 2006. Costs increased across a range of categories: Fuel expense rose 19.1%, personnel costs leaped 48.9% and landing/takeoff and navigation charges grew 33.7%. Fourth-quarter net income declined 63.5% to BRL49.8 million from BRL136.2 million in the year-ago period. Apr 1, 2008

TAM's 2007 traffic was up 27.4% to 33.5 billion RPKs on a 33.8% lift in capacity to 47.6 billion ASKs, producing a load factor of 70.4%, down 3.5 points. RASK fell 17.1% to BRL17.12 cents and yield decreased 13.6% to BRL25.30 cents. TAM said it will grow domestic capacity by 14% in 2008 Apr 1, 2008

 

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AIRguide 0801 / ISSN 1544-3760
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