Brazil’s TAM cuts fleet plan as demand slows

August 31, 2011

Brazil’s largest airline, TAM, said that it was reducing its planned fleet, cutting back on international flights to Europe, swapping some Airbus A340s for A330s to increase fuel efficiency, and adding flights to Mexico and Orlando in order to control costs and make savings.

Last year TAM announced plans for a takeover by Chile’s LAN LAN.SN which grew their airline into a regional powerhouse with ruthless cost-cutting.

View the full article from Reuters here