El Al Israel Airlines reported a net loss of $19.7 million for the second quarter, widened from a deficit of $12.8 million in the year-ago period, as revenues plunged 28.4% to $399.4 million paced by a 54% decline in cargo revenues. "During the second quarter, the company continued to confront the results of the world financial crisis. . .and the aftermath of 'Operation Cast Lead.' Both these factors resulted in a significant reduction in passenger movements in general, and in business ...

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