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.
