Israeli carrier El Al has swung to a net profit in its Q2 2019 financial results.
The airline posted a net profit of $100,000, a significant increase to the result posted in the same period last year when the carrier saw a loss of $18 million.
Its revenue rose 7% to $584 million. Meanwhile, it said its fuel costs decreased 6.2% in the quarter due to the efficiency of its new Boeing 787 jets and a drop in the price of jet fuel.
However, the airline saw its market share at Ben-Gurion International Airport slip to 25.9% from 26.7%.
El Al has been actively overhauling its fleet over the recent months having received 11 of 16 new 787 jets. The airline has also been revamping its short-haul fare structure.
Meanwhile, the airline has said it will begin flying to Dublin and Düsseldorf in the Summer of 2020.
It has also been expanding its routes to North America and will launch direct flights to Tokyo in March.