Airline

EL AL Israel Airlines' profits dip in second quarter after significant disruption

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EL AL Israel Airlines' profits dip in second quarter after significant disruption

EL AL Israel Airlines CFO Yancale Shahar said the airline was “significantly impacted” by the closure of Israeli airspace between June 13 and 25. Despite a 14% increase in activity during the second quarter, revenues fell 7% to $777 million. Net income fell 55% to $66 million. The company's EBI...

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