El Al reports 244-mln-USD loss in H1
El Al reported on Wednesday a loss of about US$244m dollars on the first half of 2020. According to its Q2 financials report, the company's loss in April-June reached about $105m, compared to a $100m profit in Q2 2019. The report also shows that the company's revenues fell in Q2 by 74% to about $151m, compared to about $584m in the same period last year. El Al's revenue in H1 2020 fell to $472m, compared to about one billion dollars in the first half of 2019, down 53%. Due to the coronavirus crisis, El Al planes were grounded in March, and over 6,000 workers were put on unpaid leaves. Accordingly, the company ended the first quarter of 2020 with a $140m loss.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-08-27/unaligned/el-al-reports-244-mln-usd-loss-in-h1
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El Al reports 244-mln-USD loss in H1
El Al reported on Wednesday a loss of about US$244m dollars on the first half of 2020. According to its Q2 financials report, the company's loss in April-June reached about $105m, compared to a $100m profit in Q2 2019. The report also shows that the company's revenues fell in Q2 by 74% to about $151m, compared to about $584m in the same period last year. El Al's revenue in H1 2020 fell to $472m, compared to about one billion dollars in the first half of 2019, down 53%. Due to the coronavirus crisis, El Al planes were grounded in March, and over 6,000 workers were put on unpaid leaves. Accordingly, the company ended the first quarter of 2020 with a $140m loss.<br/>
