TAM achieved Net Income of R$60 million

São Paulo, August 10th, 2011 – (BM&FBOVESPA: TAMM4, NYSE:TAM) – We present our results for the second quarter of 2011 (2Q11). The operating and financial information, except when indicated otherwise, are presented based on consolidated number and in Reais (R$), according to the international accounting principles, IFRS (International Financing Reporting Standards – issued by IASB).

Highlights
• Net revenue of R$ 3.1 billion, a 16.9% increase compared to 2Q10, mainly due to increase in passenger revenue and the creation of Multiplus

• EBIT of R$ 15.6 million, representing a margin of 0.5%, compared to R$ 1.4 million in 2Q10

• Net Income of R$60.3 million reversing a net loss of R$ 175.5 million in 2Q10

• Total RASK of R$15.7 cents, 1.9% growth versus 2Q10

• International RASK in dollars was 7.2 cents, a 16.9% increase compared with 2Q10

• CASK-ex fuel of R$10.0 cents, a 3.5% decrease compared to same period last year

• Increase of 24.7% in the number of transported passengers registering 9.6 million in the second quarter 2011

• Load factor of 73.9%, combining the domestic and international markets, an increase of 6.8 percentage points versus the same period last year

• Demand growth (in RPK) of 26.4% comparing the 2Q11 with the same quarter last year