El Al posts higher-than-expected Q4 profits after competitors canceled flights due to Gaza war
El Al Airlines' Boeing 737s are pictured on the tarmac at Ben Gurion International Airport near Tel Aviv, March 10, 2020. (Jack Guez/AFP)
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.
