Conflict between Israelis and Palestinians contributed to a sharp deterioration in El Al’s 2014 results, as the military action brought about a slump in tourist traffic to Israel. The Israeli national airline recorded a net loss of $28 million in 2014, compared to a profit of $26.7 million the previous year. The result was achieved on revenue down 1% year-over-year (YOY) at $2.08 billion. Operating expenses rose 2.2% YOY to $1.79 billion. Load factor was 82.5%, compared to 82.9% in ...

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