El Al Israel Airlines rebounds with US$106m 2015 net profit
El Al Airlines posted a US$106.5m net profit for 2015, reversing a 2014 net loss of $28m as passenger numbers increased 7.6% over the year. In 2014, El Al saw its profits tumble by over $55m year-over-year (YOY) following disruptions caused by Israel’s military operations against Palestinian forces in Gaza that summer. Inbound tourism to the region dropped 20% in the latter half of 2014. During 2015, the carrier transported 4.9m passengers, up from 4.6m passengers in 2014. Traffic grew 4% YOY to 19.74b RPKs and capacity increased 3.7% YOY to 23.88b ASKs, producing a passenger load factor of 82.6%, up 0.1 point YOY. For the full-year, the number of Israelis heading abroad rose 15.2% YOY to 5.4m; the number of tourists arriving in Israel during the year was down 0.8% YOY to 2.5m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-03-28/unaligned/el-al-israel-airlines-rebounds-with-us-106m-2015-net-profit
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El Al Israel Airlines rebounds with US$106m 2015 net profit
El Al Airlines posted a US$106.5m net profit for 2015, reversing a 2014 net loss of $28m as passenger numbers increased 7.6% over the year. In 2014, El Al saw its profits tumble by over $55m year-over-year (YOY) following disruptions caused by Israel’s military operations against Palestinian forces in Gaza that summer. Inbound tourism to the region dropped 20% in the latter half of 2014. During 2015, the carrier transported 4.9m passengers, up from 4.6m passengers in 2014. Traffic grew 4% YOY to 19.74b RPKs and capacity increased 3.7% YOY to 23.88b ASKs, producing a passenger load factor of 82.6%, up 0.1 point YOY. For the full-year, the number of Israelis heading abroad rose 15.2% YOY to 5.4m; the number of tourists arriving in Israel during the year was down 0.8% YOY to 2.5m. <br/>
