El Al publishes Q3 expectations

Victoria
By Victoria July 23, 2014 12:17

El Al publishes Q3 expectations

Israeli flag carrier El Al has announced that it expects a $40-50 million reduction in Q3 2014 revenue, due to the ongoing conflict in Gaza.

El Al stated: “There have been many flight cancellations by foreign and Israeli passengers, both on outgoing as well as incoming flights. This is in addition to a significant drop in reservations for the company’s flights, which to the best of the company’s knowledge is due to the conflict.”

Victoria
By Victoria July 23, 2014 12:17
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