Printer Friendly

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

COPYRIGHT 2006 Pyramid Media Group, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airguide Online
Geographic Code:7ISRA
Date:Jul 24, 2006
Words:114
Previous Article:Travel Security Update.
Next Article:Airline Finance News - Europe.
Topics:


Related Articles
World's Best Airport Lounges 2005.
Airline News - Africa / Middle East.
Airline News.
World's Best Airport Lounges.
Airline Finance News - Africa / Middle East.
Airline Finance News.
Airline Finance News - Africa / Middle East.
Aircraft News - Africa / Middle East.
Aircraft News - North America.
Aircraft News - Africa / Middle East.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |