El Al drops to $49 million 2011 net loss

El Al 767-300. By Rob Finlayson El Al incurred a $49.4 million net loss for 2011, reversed from a $57.1 million net profit in 2010, and said it will take a series of measures to restore profitability. Full-year revenue grew 4% compared to 2010 to $2.04 billion. VP-finance Nissim Malki said that 2011...

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