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Thursday, February 29, 2024
From the Liveblog of
Thursday, February 29, 2024
El Al posts higher-than-expected Q4 profits after competitors canceled flights due to Gaza war
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El Al Airlines' Boeing 737s are pictured on the tarmac at Ben Gurion International Airport near Tel Aviv, March 10, 2020. (Jack Guez/ AFP/ File)
El Al Israel Airlines ELAL.TA posts higher fourth-quarter profit, boosted by the Gaza war which saw the flag carrier mobilize to bring back military reservists while rivals canceled flights to Tel Aviv.
El AL earned $39.7 million in the October to December period versus $8.5 million in the fourth quarter of 2022, it says. Revenue rose to $678.8 million from $570.7 million.
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