El Al reported a net profit of $132 million for the second quarter, more than double the $66 million in the same period last year, according to i24NEWS. The airline's first-half profit dropped significantly due to the impact of Operation Roaring Lion. The company expects further growth of 6-10% in the current quarter.
El Al reported a net profit of $132 million for the second quarter, more than double the $66 million in the same period last year, according to i24NEWS. The earnings come as the airline's first-half profit dropped significantly due to the impact of Operation Roaring Lion. The company projects further growth of 6-10% in the current quarter.
As The Zioneer reported earlier today (Wednesday), the initial earnings announcement cited a similar figure. The i24NEWS report provides additional details on the first-half decline and the company's outlook.
Israeli aviation sector developments during the war include the government approving up to 55 million shekels in compensation for airlines affected by the conflict (The Zioneer, July 15). Ben Gurion Airport also recorded its highest single-day passenger traffic since the start of Operation Roaring Lion in late June (The Zioneer, June 25).
2 developments
- StrongSaudi Aramco Q2 profit jumps to $33.4 billion on higher oil prices
- StrongState to compensate airlines for damage during Operation Roaring Lion
- DevelopingIsrael approves up to 55 million shekels in compensation for airlines hit by Operation Roaring Lion
- DevelopingBen Gurion Airport expects record passenger traffic since Operation Roaring Lion
Source and signal
- Open-source intake