LY posts 2014 loss
Mar 25, 2015, 7:42 am
#1
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Join Date: Feb 2002
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LY posts 2014 loss
http://www.globes.co.il/en/article-e...014-1001022092
bang up job as usual.
El Al Israel Airlines Ltd. (TASE: ELAL) swung to a loss and saw revenue fall in 2014 because of Operation Protective Edge in the summer. Revenue fell 1% in 2014 to $2.081 billion and the carrier reported a loss of $28.06 million, compared with $26.66 million profit in 2013.
Apr 1, 2015, 9:00 pm
#3
Join Date: Dec 2012
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Interesting how they are blaming the drop in tourism from last summer's war yet passenger traffic at Ben Gurion Airport is up. http://www.anna.aero/2014/12/08/tel-...ngers-in-2014/
Note that the article and statistics found therein were published months after last summer's conflict concluded.
Note that the article and statistics found therein were published months after last summer's conflict concluded.
Apr 2, 2015, 4:40 am
#4
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Considering for a few weeks they were the only airline flying to TLV and charging for such, not sure how they can say they were hurt by the war. They had 100% market share for a while there.
Apr 2, 2015, 5:08 am
#5
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Apr 2, 2015, 2:02 pm
#6
Join Date: Mar 2008
Location: Israel/United States
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Actually TLV was boycotted for 1 day formally and some airlines another day or so until they got back up to speed. ( I flew on July 23, the day it was only El Al)They had already downsized aircraft and my 008 which was always a 747 was not flown and it was replaced by a 777. Of course they could have filled the 747 but the US ( and others) did not announce that Israel was a no fly zone until the 007 ( whose equipment then flies the 008) was already airborne.
