With Limited Competition, El Al Reports Another Quarter Of Record Profits

EL AL's revenues amounted to around 774 million US dollars, an increase of around 5% compared to the same quarter of the previous year. Net profit amounted to 96 million US dollars, an increase of 19% compared to the previous quarter.

With Limited Competition, El Al Reports Another Quarter Of Record Profits

The war between Israel and Hamas continues to limit the flight options available to Israel. In Q1, United flew to Israel for 2 weeks and Arkia flew between JFK and Tel Aviv for most of the quarter, but limited competition meant a boon for El Al’s bottom line. Israel’s flag carrier swung from a net […]