El Al reported a $76.3 million net loss for 2009, widened from a $41.9 million net loss in 2008, and new President and CEO Elyezer Shkedy vowed to "ensure" this year is "a turning point" by focusing on cutting costs and developing new revenue sources. VP-Finance Nissim Malki blamed "many factors" for the company's lackluster performance last year, including "the influence of the war in the southern border" in December 2008/January 2009, the global financial crisis and "a severe slowdown in ...

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