El Al Israel Airlines posts $25 million profit for 2013; launches subsidiary UP

Credit: Courtesy, El Al
Israeli carrier El Al Airlines has reported a full-year net profit of $25.4 million for 2013, reversing the $18 million loss the airline posted in 2012. El Al’s revenue increased 4.3% in 2013 to $2.2 billion as expenses for the year were up 3.1% to $1.8 billion, producing an operating profit for the...

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