El Al Israel Airlines reported a second-quarter net loss of $19.7 million, reversed from a $14.8 million net profit in the prior-year period, as expenditures grew at nearly three times the rate of revenue.
El Al 767-300. Photo: By Rob Finlayson El Al Israel Airlines reported a second-quarter net loss of $19.7 million, reversed from a $14.8 million net profit in the prior-year period, as expenditures grew at nearly three times the rate of revenue. Quarterly costs amounted to $470.2 million, up 17% year-over-year. El Al said in a statement, "Most of the increase stemmed from the costs of aviation fuel, which totaled $183.5 million [up 17.9%] … The company's expenditure ...
Subscribe to Access this Entire Article
"El Al posts second-quarter loss on rising fuel costs" 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.
