El Al 767-300. Photo: By Rob Finlayson. El Al reported a first-quarter net loss of $42.9 million, widened from a $16.5 million net deficit in the year-ago period, as a sharp rise in expenses outpaced a negligible revenue gain. In addition, the Israeli airline revealed it purchased a Boeing 747-400 during the quarter that will join its fleet in June. President and CEO Elyezer Shkedy noted in a statement that the average market price for jet fuel "grew by about 39% compared to ...

Subscribe to Access this Entire Article

"El Al quarterly loss widens to $43 million; acquires 747-400" 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.