El Al 2Q net profit hit by labor costs, rising competition

Credit: Boeing
Second-quarter 2017 net earnings for El Al Israel Airlines fell 53.1% year-over-year (YOY) to $16.4 million, a drop from $35 million in the year-ago quarter, as the airline “had to cope with the huge growth in competition at [Tel Aviv’s] Ben Gurion Airport,” according to El Al CEO David Maimon. The...
Mark Nensel

Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter…

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