MIDDLE EAST: El Al profit down 18%, but in black

El Al Israel Airlines posted thirdquarter net profit of US$12.3 million, compared with profit of US$31 million a year earlier. Revenues fell 18 per cent to US$496.1 million for the third quarter from US$606.9 million for the corresponding quarter. The carrier’s cargo load factor increased 6 percentage points in the third quarter to 85 per […]


El Al Israel Airlines posted thirdquarter net profit of US$12.3 million, compared with profit of US$31 million a year earlier. Revenues fell 18 per cent to US$496.1 million for the third quarter from US$606.9 million for the corresponding quarter. The carrier’s cargo load factor increased 6 percentage points in the third quarter to 85 per cent in spite of higher capacity from foreign carriers, it said. El Al said its market share at Ben-Gurion International Airport rose to 35 per cent from 33 per cent a year ago.