Israeli carrier El Al reported a first-quarter net loss of $39.7 million, widened from a $32.5 million loss in the year-ago period. The airline said the results were due to a combination of seasonality and fiercer competition. “The results of the first quarter of 2014 were affected by the seasonality in the aviation industry and the timing of the Passover holiday, which this year occurred in the second quarter compared to last year when it took place in the first quarter,” El Al ...

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