Closed skies: El Al reports a fourfold increase in profits since the start of the war

El Al Airlines published its financial report for the fourth quarter of 2023, in which the war increased its market share from 22% to more than 80%.

The company’s fourth-quarter revenue rose 21% year-over-year to $677.8 million, and earnings rose 4.69 times to $40 million.

Overall, the company earned a record $2.5 billion for the year, and its profits rose 7% to $116.7 million.

By Editor

Leave a Reply