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.”