Second-quarter 2017 net earnings for El Al Israel Airlines fell 53.1% year-over-year (YOY) to $16.4 million, a drop from $35 million in the year-ago quarter, as the airline “had to cope with the huge growth in competition at [Tel Aviv’s] Ben Gurion Airport,” according to El Al CEO David Maimon. The Israel flag carrier generated revenue of $540.9 million during the June quarter, up 0.6% YOY despite a moderate decline in passenger traffic. El Al attributed to revenue growth ...

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