Gaza Op To Cost El Al Up To $17 Million

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elalEl Al Israel Airlines said on Sunday it lost an estimated $15 million to $17 million in revenue due to cancellations and a drop in bookings as a result of eight days of fighting between Israel and Hamas last month.

Ynet reports that El Al, Israel’s flag carrier, said in a statement to the Tel Aviv Stock Exchange that it took unspecified steps to minimize the damage to its profit to between $7 million and $9 million.

It noted that the numbers, which will impact fourth-quarter results, are preliminary estimates and are subject to change.

During the conflict, Palestinian terrorists fired nearly 1,400 rockets and some of these explosives struck close to Israel’s largest cities, such as Yerushalayim and Tel Aviv, leading tourists and Israelis to cancel their travel plans.

{Matzav.com Israel}

4 COMMENTS

  1. That is the nefarious power of terrorism. At minimal cost and risk to the terrorists, they can wreak havoc on the lives of others.

  2. El Al should replace its entire fleet with suprersonic aircrafts in order to avoid the bitul zman caused by subsonic lengthy flights to israel.

  3. “El Al should replace its entire fleet with suprersonic aircrafts in order to avoid the bitul zman caused by subsonic lengthy flights to israel.”

    And just where are these “suprersonic aircrafts” to come from? Do you know the name of a single manufacturer?

    If you want to discuss “bitul zman” perhaps you should examine your own situation first and foremost. Where did you find the time to waste writing your comments?

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