El Al Israeli Airlines recorded a first-half net profit of $1.3 million, reversed from a loss of $23.4 million for the corresponding period last year. First-half revenues dropped 5.7% to $930 million year-over-year. The Israeli flag carrier said the decline was due to several factors, including adverse exchange rates against the dollar and a 14% decrease in inbound tourism, which led to a 6.5% reduction in passenger revenue. Cargo revenue rose 1%. Half-year costs dropped 10.2% to $775 ...

Subscribe to Access this Entire Article

"El Al Israeli Airlines swings to profit in 1H" 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.