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Balance Sheet Cash Flow Statement Av. Jurandir 856, 1º andar Lote 4, Jardim Ceci Aeroporto 04072-000 São Paulo, Brazil Tel. +55-11-5582-9715 Fax +55-11-5582-8149 |
Type: Public
On the web:
http://www.tam.com.br
Employees:
24,389
Employee growth: 19.2%
Whether your destination is the Amazonian rain forest or the beaches of Rio, TAM wants to take you there. Owning a fleet of about 130 aircraft, the low-fare Brazilian air carrier flies out of its hub city of Sao Paulo to about 20 international cities and 40 domestic locations; it reaches another 35 through regional alliances and subsidiary Mercosur. It flies to Portugal and other European destinations through codeshare agreements with major airlines and a partnership with Portuguese flagship carrier TAP. TAM holds about 50% of the domestic market carrying mostly business customers. Rolim Amaro founded the company in 1986; his family, including the chairman and vice chairman, controls a majority of TAM's stock.
Key numbers for fiscal year ending December, 2008:
Sales: $4,461.7M
One year growth: (2.9%)
Net income: ($590.6)M
Officers:
Chairman: Maria Cláudia Oliveira Amaro Demenato
CEO; CEO, Transportes Aereos Mercosur S.A.: David Barioni Neto
Operations Officer: Fernando Sporleder Jr.
Competitors:
AMR Corp.
Gol Linhas Aéreas Inteligentes
TACA
