Tatton Asset Management (LSE:TAM)
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SAO PAULO, Oct. 15 /PRNewswire-FirstCall/ -- TAM (NYSE: TAM; BOVESPA: TAMM4) announces its operating data for September 2009 as disclosed by the Brazilian National Civil Aviation Agency (ANAC) today.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO )
As the Company had predicted, the domestic market was strongly stimulated during the month of September as a result of the competitive dynamic. In this environment, TAM observed a growth of 8.6% in domestic demand, while domestic supply grew by 7.4% compared with the same period in 2008. With this, TAM's load factor increased by 0.8 p.p. compared to September 2008 and presented a strong recovery of 2.6 percent compared to August of 2009, reaching 65.4%. In September, industry demand grew 29.9%, while supply increased 19.9%. Domestic market share (RPK) was 44.1% for the period.
The competitive scenario for September impacted domestic yield for the quarter, so that it declined between 5 and 10% compared to the second quarter of 2009. As of the first weeks into October, the Company has observed a slight tariff recovery in comparison to the previous month.
In the international market, TAM achieved a growth of 15.0% in demand compared with the same period in 2008, while the growth in supply stood at 21.4%. TAM's market share for September was 87.3%. The international load factor was 76.1%, remaining 2.4 percent above the market average, which was 73.7%.
In the international market, which is already showing greater rationality and a stronger recovery, the Company estimates an increase between 10 and 15% in the yield in dollars for the third quarter, compared with the preceding quarter.
See the operational data for September below:
Operating data September September Var. % August Var. %
2009 2008 YoY 2009 MoM
Domestic Market
ASK (millions) - Supply 3,165 2,948 7.4% 3,140 0.8%
RPK (millions) - Demand 2,070 1,906 8.6% 1,972 5.0%
Load Factor 65.4% 64.6% 0.8 p.p. 62.80% 2.6 p.p.
Market share 44.1% 52.8% -8.7 p.p. 43.80% 0.3 p.p.
International Market
ASK (millions) - Supply 2,015 1,660 21.4% 2,131 -5.4%
RPK (millions) - Demand 1,534 1,334 15.0% 1,570 -2.3%
Load Factor 76.1% 80.4% -4.3 p.p. 73.70% 2.4 p.p.
Market share 87.3% 82.1% 5.2 p.p. 89.40% -2.1 p.p.
Operating data Jan-Aug-2009 Jan-Aug-2008 Var. %
Domestic Market
ASK (millions) - Supply 28,617 26,083 9.7%
RPK (millions) - Demand 18,373 18,040 1.9%
Load Factor 64.2% 69.2% -5 p.p.
Market share 46.4% 50.3% -3.9 p.p.
International Market
ASK (millions) - Supply 18,683 15,231 22.7%
RPK (millions) - Demand 13,411 11,716 14.5%
Load Factor 71.8% 76.9% -5.1 p.p.
Market share 86.8% 72.4% 14.4 p.p.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
DATASOURCE: TAM
CONTACT: Libano Miranda Barroso, TAM Investor Relations,
+011-55-11-5582-9715, fax, +011-55-11-5582-8149,