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TAM Tatton Asset Management Plc

690.00
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tatton Asset Management Plc LSE:TAM London Ordinary Share GB00BYX1P358 ORD GBP0.20
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 690.00 686.00 694.00 696.00 688.00 696.00 6,356 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 36.81M 12.99M 0.2146 32.06 417.53M

TAM Maintains Leadership in Both Domestic and International Markets for September

15/10/2009 4:47pm

PR Newswire (US)


Tatton Asset Management (LSE:TAM)
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From Dec 2019 to Dec 2024

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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,

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