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El Al posts record second-quarter profit

El Al Israel Airlines earned $29.9 million in the second quarter ended June 30, a fourfold increase over $7 million earned in the year-ago period and a record for any second quarter. Revenues rose 30% to $423 million. The carrier attributed the strong performance "to enormous growth in passenger traffic during the period." A 16% increase in capacity resulted in a 26% jump in passengers on scheduled flights, pushing load factor up 7 points to 80%. El Al noted that it overcame a 52% surge in fuel prices during the quarter that raised operating expenses by approximately $33 million.

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.