El Al Israel Airlines reports first fourth quarter profit since 2015

El Israel Airlines (El Al) has reported its first fourth-quarter net profit since 2015. The airline recorded an $8.5 million net profit in the fourth quarter of 2022, with the help of a $9 million capital gain. The airline ended the year 2022 with a net profit of $109 million after combined losses of nearly $1 billion in 2020 and 2021. In 2022, El Al generated revenues of $1.98bn, from which it made an operating profit of $112.8 million and a net profit of $109 million. The fourth-quarter revenue of $561 million was higher than the $518 million achieved in