Pillar of Defense cost El-Al $15-17 million
Israel's El-Al airlines reported that as a result of Operation Pillar of Defense it lost between $15 and $17 million. The airline stated the decrease was caused by cancellations and low bookings during the operation.


Nevertheless, El-Al said it took several preventive measures, which reduced the loss to $7-9 million. Thus will mainly influence 2012's final quarter. (Maayan Manela, Calcalist)