El Al Q3 Profit Soars 820%

El Al Israel Airlines has reported a net profit of $93m in Q3 2015, an 820 per cent increase from the $10.1m it posted year earlier.

El Al Israel Airlines has reported a net profit of $93m in Q3 2015, an 820 per cent increase from the $10.1m it posted year earlier.

In a statement released on Wednesday (November 18), the flag carrier said its operating costs fell by 12 per cent to $438.5m while fuel prices decreased by 33.2 per cent to $68.1m.

Its load factor also increased year-on-year from 81.2 per cent in Q3 2014 to 86.3 per cent.

El Al said it has benefited from the number of tourists travelling to Israel which rose by 36 per cent in Q3 2015 compared to the same period last year.

TAGS: Middle East
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish