El Al Q1 loss narrows, adding new routes

• Published date: 24 May 2023
• Author: Globes correspondent
• Publication title: Globes (Rishon LeZion, Israel)

El Al reported first quarter revenue of $500 million, compared with $283 million in the first quarter of 2022 and 16.7% higher than in the first quarter of 2019, before the Covid pandemic, but down from $560.7 million in the fourth quarter of 2022

El Al reported an operating profit of $8.5 million in the first quarter of 2023 compared with an operating loss $53.4 million in the first quarter of 2019. The airline reported a net loss of $34.3 million compared with a net loss of $66 million in the first quarter of 2022 and a net loss of $55 million in the first quarter of 2019. In the fourth quarter of 2022, El Al reported a net profit $8.5 million, its biggest fourth quarter profit...