Latin American markets down; TAM, LAN and GOL all decline for the session

TAM (-1.7%) declined as Latin American markets fell for Tuesday (16-Oct-2010) despite the carrier announcing a massive improvement in net income, up 224.0% year-on-year to BRL740 million (USD426.8 million), for the three months ended 30-Sep-2010. Operating profit also improved, rising to USD405.5 million, compared with a loss of USD55.7 million in the previous corresponding period.

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