Record revenue was not enough to offset a difficult economic environment and a one-time provision related to potential liability for anticompetitive cargo activities as El Al sank to a $49.9 million first-quarter loss that was more than three times the $15.3 million lost in the year-ago period. Turnover rose 21% to a company record $471.5 million, but the $20 million provision announced this week (ATWOnline, May 28), plus what President and CEO Haim Romano called "the international crisis, ...

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