El AL profit soars in Q2

Juliette O'Neill
By Juliette O'Neill August 19, 2016 16:53

El AL profit soars in Q2

El Al Israel Airlines has reported a 102% increase in net profit to $35 million during the second quarter of 2016 compared to the year-ago quarter, helped by a 21% decline in fuel costs and more passengers. Revenue rose by 5% to $537 million, which the airline has credited with the timing of Passover in mid-April this year versus March in 2015.

El Al said its load factor rose to 82.3%. The airline declared a dividend of $18.3 million for the first half of 2016.

Juliette O'Neill
By Juliette O'Neill August 19, 2016 16:53