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El Al reports operating profit in 2Q2012

17-Aug-2012 1:42 PM

El Al Israel Airlines revenue down 3% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD516.8 million, -3% year-on-year;
    • Operating costs: USD438.9 million, -7%;
    • Operating profit: USD2.2 million, compared to a loss of USD23.2 million in p-c-p;
    • Net profit (loss): (USD6.2 million), compared to a loss of USD19.7 million in p-c-p;
    • Passenger numbers: 1.1 million, +1%;
    • Passenger load factor: 82.3%, +1.2 ppt;
    • Cargo volume: 23,400 tons, -3%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD945.9 million, -1%;
    • Operating costs: USD827.7 million, -5%;
    • Operating profit (loss): (USD21.9 million), compared to a loss of USD76.7 million in p-c-p;
    • Net profit (loss): (USD29.7 million), compared to a loss of USD62.6 million in p-c-p;
    • Passenger numbers: 1.9 million, -1%;
    • Passenger load factor: 81.8%, +2.7 ppts;
    • Cargo volume: 48,400 tons, -9%;
    • Total assets: USD1614 million, +1.9% when compared to period ended 31-Dec-2011;
    • Cash balances, cash equivalents and short-term deposits: USD109.5 million;
    • Total liabilities: USD1502 million, +5.5% when compared to period ended 31-Dec-2011. [more - original PR]

El Al: "We are continuing with our medium- and long-term business strategy which will reflect the Company's targets and policies for the coming years, always taking care to match the existing circumstances to world market developments in international civil aviation. At this time the Company pursues its plans and we are preparing a detailed working map," president and CEO, Elyezer Shkedy. Source: Company statement, 16-Aug-202.