El Al Q1 Loss Widens Despite Lower Fuel Prices

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El Al Israel Airlines on Thursday published its results for the first quarter of the year. Revenue declined from $419.8 million in the first quarter of 2015 to $396.5 million in the first quarter of 2016.

The company explained that the first quarter this year did not include Pesach, which will have a positive effect on its second quarter results, and was also affected by the winter season, regarded as a slow time for the company. El Al’s net loss grew from $16 million in the first quarter of last year to $21.4 million in the first quarter of this year. Read more at GLOBES.

 

{Matzav.com}

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