El Al Israel Airlines posted a 1Q 2016 net loss of $21.4 million, widened from the company’s $16 million net loss in 1Q 2015. Operating revenues were $396.5 million, down 5.6% compared to the year-ago revenues of $419.8 million. The airline said that the latest quarter’s figures were affected by the timing of Passover, which this year fell in 2Q, whereas in 2015 it fell at the start of April, which meant that holiday departures had already started by the end of March ...

Subscribe to Access this Entire Article

"El Al 1Q losses widen" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.