El-Al Airlines reports net profit $25.4 million in 2013 - Israel News, Ynetnews
 
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El-Al Airlines reports net profit $25.4 million in 2013

Published: 03.19.14, 10:56 / Israel News

El-Al Airlines reported Wednesday that the company's net profit in 2013 was $ 25.4 million, compared to a loss of $ 18 million in 2012. However, the company's expenses grew from -1.70 billion to 1.75 billion.

 

The increased profit can be explained by the company's defense expenses falling by -52.2% as a result of the government increased participation rate in this section. (Calcalist)

 

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