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THURSDAY, NOVEMBER 26, 2009
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Brazil's TAM Airline Now a Sell - Analyst Blog

Article from: Zacks Investment Research - Analyst Blog Article date: May 22, 2008 Author: Claudio Freitas, CFA

Brazil's TAM Airline Now a Sell - Analyst Blog

We downgraded Brazil's leading airline, TAM S.A. ( TAM ) to Sell from Hold, after the company reported worse-than-expected results in the first quarter, hurt by rising fuel prices and higher operating costs related to the lack of adequate infrastructure in the Brazilian airports.

While growing competition in the Latin American airline industry will certainly affect the company results in the following quarters, TAM also continues to face adverse effects of the accident that occurred at ...

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