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 ...
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