El-Al Airlines reports net profit $25.4 million in 2013

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)