HomeTravel NewsNewly Dublin Servicing El Al Narrows Quarterly Financial Losses

Newly Dublin Servicing El Al Narrows Quarterly Financial Losses

Israel’s El Al Airlines – which recently entered the Irish market by launching a direct route from Dublin to Tel Aviv – has reported a narrowing of its losses.

New financial figures for the carrier show its first quarter losses come in at $34m. That number was down from a loss of $66m for the first three months of last year.

On a year-on-year basis, El Al’s first quarter revenues jumped from $283m to $500m as passenger numbers and load factors grew. However, operating costs also jumped due to rising fuel prices.

El Al is also considering growing its fleet of planes from 45 to 60 planes over the course of the next 5 years.

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

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