rjm77me's Blog : Check out South American airlines

US airline stocks have sky rocketed - These two airlines are lagging behind the curve - they make money. Please do your own home work.
GOL
06-May-10 07:45 GOL Linhas Areas Inteligentes S.A. reports 1Q10 results (12.83 ) : Reports Q1 (Mar) net revenue of R$1.723 bln, a 14% increase from 1Q09, vs R$1.76 bln Thomson-Reuters consensus. Operating income increased 82.1% year/year to $191.4 mln. Net income was R$23.9 mln vs R$61.4 mln in 1Q09.
TAM
31-Mar-10 TAM 4Q net BRL143.9 mln vs loss BRL1.2 bln - DJ (15.85 ) -Update : DJ reports the co reported a fourth-quarter net profit of 143.9 million Brazilian reals ($80 million), swinging from a loss of BRL1.2 billion a year earlier. The company attributed the reversal of its results in the period to a non-recurrent loss recorded in the compared period of 2008. In the fourth quarter of 2008, the company saw a loss in its net financial results due to losses with fuel hedge operations and the depreciation of the Brazilian Real against the U.S. dollar. In the fourth quarter, TAM posted net financial revenue of BRL93.4 million against an expenditure of BRL 2.1 billion in the fourth quarter of 2008, mainly due to the positive impact of exchange rate mark to market of its hedge positions. Net operating revenue reached BRL2.54 billion in the fourth quarter, down from BRL2.92 billion a year ago.