El Al 767-300. Photo: By Rob Finlayson. El Al reported a first-quarter net loss of $42.9 million, widened from a $16.5 million net deficit in the year-ago period, as a sharp rise in expenses outpaced a negligible revenue gain. In addition, the Israeli airline revealed it purchased a Boeing 747-400 during the quarter that will join its fleet in June. President and CEO Elyezer Shkedy noted in a statement that the average market price for jet fuel "grew by about 39% compared to ...

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