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Tuesday, November 04, 2008
TAM is the Most Punctual Brazilian Airline in October
Comtex
SAO PAULO, Brazil, Nov 05, 2008 (PR Newswire Europe via COMTEX) ----In first ten months of year, company recorded 85.5% punctuality on average, three percentage points better than the market average
TAM Linhas Aereas (Bovespa: TAMM4 and NYSE: TAM) closed October with 90% of flights operating within scheduled time, that is, with delays of less than 30 minutes, according to data released today by Anac (Agencia Nacional de Aviacao Civil - National Civil Aviation Agency). This places the company as the most punctual among all Brazilian airlines.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO )
TAM stood out among companies evaluated, with the market average 87.5%, two points higher on the delay index when compared to September (89.5%). The company also had the lowest number of cancellations in the month, 2.2% of expected operations compared to a market average of 3.2%.
TAM also had the best monthly punctuality average in the period January-October -- 85.8%. Its cancellation percentage was also the lowest in the period, averaging 1.8%. The market average was 2.7%.
"The fact that we are once again the most punctual Brazilian airline demonstrates our staff's commitment to customers", said Captain David Barioni Neto, TAM President. The low level of delays and cancellations is a reflection of the company's three management pillars: Service, Technical-Operational and Management excellence.
About TAM:
TAM (www.tam.com.br) has been the domestic market leader since July of 2003, and closed September 2008 with a 52.8% market share. The company flies to 42 destinations in Brazil. Through business agreements signed with regional companies, it reaches 79 different destinations in Brazil. TAM's market share among Brazilian companies that operate international flights stood at 82.1% in September. Operations abroad include TAM flights to 17 destinations in the United States, Europe and South America: New York and Miami (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires and Bariloche (Argentina), Cochabamba and Santa Cruz de la Sierra (Bolivia), Santiago (Chile), Asuncion and Ciudad del Este (Paraguay), Montevideo (Uruguay), Caracas (Venezuela) and Lima (Peru). It has code-share agreements that make possible the sharing of seats on flights with international airlines, enabling passengers to travel to 64 other destinations in the U.S., Europe and South America. A pioneer in Brazil's airline industry with the launch of its Programa Fidelidade frequent flyer program, TAM today has more than 5 million members and has redeemed more than 5.9 million tickets for frequent flyer points.
Investor Relations, Phone: +55-11-5582-9715, Fax: +55-11-5582-8149, invest@tam.com.br, or Press Agency Contact: Phone: +55-11-5582-8167, Fax: +55-11-5582-8155, tamimprensa@tam.com.br, MVL Comunicacao, Phone: +55-11-3594-0302, 0304, or 0305 ; Photo: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
Copyright (C) 2008 PR Newswire Europe ********************************************************************** As of Friday, 10-31-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 09-29-2008 for TAM @ $18.03. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
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