TAM posts second quarter profit

TAM S.A. reported its second quarter results for 2008 (2Q08). Operational and financial data, except where otherwise indicated, are presented based on amounts consolidated in Reais (R$) and prepared in accordance with accounting principles generally accepted in Brazil (BR GAAP).

TAM reported EBIT and EBITDAR margins of 2.7% and 12% respectively, net income of R$ 50.2 million, a positive margin of 2%.

Total cash and cash equivalents equalled R$ 2,009 million.

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