El Al reported a first-quarter net loss of $16.5 million, narrowed 59% from a $39.8 million loss in the year-ago period, on a 21% rise in revenue to $420.5 million. President and CEO Elyezer Shkedy said the financial improvement is owing to "increased passenger traffic, strategic commercial planning, aggressively facing increased competition, reducing expenses, as well as significantly improving and expanding cargo activities." He added, "We will do everything possible to ...

Subscribe to Access this Entire Article

"El Al posts $16.5 million first-quarter loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.