Bloomberg News

Tam Cuts 2012 Guidance for Demand Increase to 7%-9% from 8%-11%

April 17, 2012

Tam SA (TAMM4), Brazil’s largest airline by market value, reduced its estimate for an increase in domestic demand for this year to between 7 percent and 9 percent from a previous guidance of 8 percent to 11 percent, the company said in a regulatory filing yesterday.

The company also revised its guidance for available seating, according to the statement. Tam said available seating may fall as much as 2 percent this year compared with last year, the statement added. Its previous estimate announced in January was for an increase of as much as 2 percent, the statement also said.

To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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