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El Al doubles second quarter profit
El Al said demand and higher fares lifted quarterly revenue 27% as it restored full operations after the war with Iran.
Summary by Globes
9 Articles
9 Articles
El Al shrugs off war with Iran, doubles profit for second quarter
Despite a $145 million hit from Operation Roaring Lion, El Al doubled its second-quarter net profit to $132 million as revenue climbed 27% to nearly $1 billion; The airline cited a rapid recovery and strong demand despite sharply higher fuel costs
·Tel Aviv-Yafo, Israel
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In the second quarter, EL AL has once again demonstrated its resilience and ability to successfully meet exceptional challenges. Despite a very limited flight operation at the beginning of the quarter due to Operation Roaring Lion, as well as significantly higher fuel prices and unfavourable exchange rate developments, the Company achieved strong business results, continued its growth path and recorded solid operational performance.
Coverage Details
Total News Sources9
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
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