EL AI finished strong Q3 with net profit of $67 million

EI AI Israel Airlines (EI AI) has reported a strong financial result for the third quarter (Q3) of 2022 with $626 million in revenue, almost 21% above Q2 2022, and 147% above Q3 2021. The airline has also reported strong bookings for September-November 2022 as travel demand recovers to pre-pandemic levels. The airline reported an operating profit of $103 million in Q3 of 2022, about ten times larger than the operating profit in the second quarter. Net profit was $67 million, including $38 million from the partial sale of its frequent flyer club. EI Al also reported a positive cash