(MENAFN- Trend News Agency)
The Israeli flag carrier El Al brought in the strongest
quarterly revenues in July-September since the COVID-19 outbreak in
early 2020, according to a financial report issued by the airline
on Wednesday, trend reports citing xinhua .
The airline's revenues in the third quarter (Q3) this year stood
at 626 million U.S. dollars, slightly below the pre-pandemic level
of 647 million dollars during the same period in 2019, but jumps
almost 2.5 times year-on-year from Q3 2021, when the company earned
253 million dollars.
According to the report, the airline's Q3 profit totaled 67
million dollars, compared to a loss of 136 million dollars in
July-September last year.
Due to the pandemic, El Al's losses reached 530 million dollars
in 2020 and 413 million dollars last year.
The airline, which received massive government support and
carried out wide-scale efficiency-enhancing plans, began to recover
significantly in the second quarter of this year with the gradual
removal of the ban on tourists entering Israel.
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