El Al 1Q losses widen

Credit: Boeing
El Al Israel Airlines posted a 1Q 2016 net loss of $21.4 million, widened from the company’s $16 million net loss in 1Q 2015. Operating revenues were $396.5 million, down 5.6% compared to the year-ago revenues of $419.8 million. The airline said that the latest quarter’s figures were affected by the...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

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