El Al Airlines Q1 loss widens as market share falls
El Al Tuesday reported a bigger loss in Q1, reflecting the impact of higher jet fuel and salary costs and a further deterioration in market share. The carrier has met with stiff competition from rivals including Turkish Airlines, Aeroflot, EasyJet and WizzAir, which offer lower fares on routes to Israel even though some flights require a stopover. During the quarter, El Al’s market share at Tel Aviv Ben-Gurion slipped to 27.5% from 32.3% a year earlier, but the airline remained the market leader. El Al’s passenger numbers rose 2.6% versus 20.7% for all airlines. El Al said its passenger load factor was 83.8%, compared with 83.6% last year. CE Gonen Usishkin said the Q1 results reflected “the many challenges stemming from the open skies (with Europe) and the fierce and increasing competition from foreign airlines — especially low cost carriers.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-30/unaligned/el-al-airlines-q1-loss-widens-as-market-share-falls
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El Al Airlines Q1 loss widens as market share falls
El Al Tuesday reported a bigger loss in Q1, reflecting the impact of higher jet fuel and salary costs and a further deterioration in market share. The carrier has met with stiff competition from rivals including Turkish Airlines, Aeroflot, EasyJet and WizzAir, which offer lower fares on routes to Israel even though some flights require a stopover. During the quarter, El Al’s market share at Tel Aviv Ben-Gurion slipped to 27.5% from 32.3% a year earlier, but the airline remained the market leader. El Al’s passenger numbers rose 2.6% versus 20.7% for all airlines. El Al said its passenger load factor was 83.8%, compared with 83.6% last year. CE Gonen Usishkin said the Q1 results reflected “the many challenges stemming from the open skies (with Europe) and the fierce and increasing competition from foreign airlines — especially low cost carriers.” <br/>
