Airline Finance News - Africa / Middle East.

For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 24, 2006

El Al

El Al issued a profit warning yesterday indicating that hostilities in the Middle East, increased competition and rising fuel costs will lead to a full-year loss, according to press reports. The carrier earned a record $64.1 million in 2005. "The company does not have a clear forecast as to the amount, especially because of the uncertainty regarding the security situation and its consequences," it said in a statement cited by Reuters. Trading in El Al stock and that of majority owner Knafaim-Arkia Holdings was suspended following the announcement. Jul 20, 2006