Net loss for El Al in 2014

El Al, the Israeli national airline, has posted a net loss of $28 million in 2014, compared to a $26.7 million profit in 2013. Revenue fell 1% to $2.08 billion, while operating expenses rose by 2.2% to $1.79 billion. The airline’s average load factor was 82.5%, compared to 82.9% in 2013. El Al’s passenger revenues fell slightly by 0.9%, while cargo revenue declined by 1.7%. “The results of 2014 reflect the effects of the ‘Protective Edge’ operation, which caused a significant decline in tourism and harm to El Al’s profits,” CEO David Maimon said.   The second half of 2014 had