EL AL profits surge despite ongoing conflict

EL AL Israel Airlines has posted strong results for the first financial period of the year, despite the ongoing conflict in the Middle East. It posted a net profit of $80.5 million, swinging from a loss of $34.4 million a year prior. The strong profits were driven by the lower expenses, which were at $20.4 million, down from $33.8 million in first quarter 2023. Furthermore, its revenues were at $738 million, up from $500 million in the same period last year. Its revenues were also up 9% from $678 million in last year’s fourth quarter in which conflict broke out