El Al Israel Airlines reported a third-quarter 2016 net profit of $70 million, down 24.7% from $93 million in the year-ago quarter. El Al said the result was mainly attributable to an increase in operating expenses over the quarter, which were up 7.3% to $470 million, compared to $438 million in 3Q 2015. El Al’s third-quarter operating revenue was $644 million, down 0.5% compared to $647 million revenue in 3Q 2016. The company’s gross profit for the quarter was $173 ...

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