Oct. 7 (Bloomberg) -- Tam SA Chief Executive Officer Marco Antonio Bologna said his airline plans to add international flights out of Rio de Janeiro and cut domestic flights to revive profit, O Globo reported.
Tam, the Brazilian unit of Latam Airlines Group SA, will start daily flights to Orlando, Florida, and Montevideo, Uruguay, this month and next, the Rio de Janeiro-based newspaper reported, citing an interview with Bologna. Tam also is considering direct flights to Madrid and more frequent flights to New York, according to O Globo.
Tam will reduce domestic flight capacity by 7 percent next year and keep more backup planes ready to avoid regulatory fines for flight delays or cancellations, O Globo reported. Those measures will help cut costs and allow Tam to return to profitability next year, Bologna told the newspaper.
Bologna didn’t immediately respond to a call outside of regular business hours seeking comment.
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