Record revenue was not enough to offset a difficult economic environment and a one-time provision related to potential liability for anticompetitive cargo activities as El Al sank to a $49.9 million first-quarter loss that was more than three times the $15.3 million lost in the year-ago period. Turnover rose 21% to a company record $471.5 million, but the $20 million provision announced this week (ATWOnline, May 28), plus what President and CEO Haim Romano called "the international crisis, ...

Subscribe to Access this Entire Article

"El Al's first-quarter loss triples" 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?

Already registered? here.