El Al posts 36% decline in net profit during Q3 2019; leases three additional B737-800s

El Al has agreed to lease three more Boeing 737-800s to its ever-growing fleet. The first aircraft will be delivered in December with two more set to arrive in April 2020, these will be leased for six years, according to the airline. During the company’s third–quarter results it was revealed that its net profit stood at $27 million, down 36% in comparison with the third quarter of 2018. This is despite an 18% rise in the number of passengers. In the first nine months of 2019, El Al posted a loss of $28 million, which compares with a loss of $21 million