Reality comes to sexagenarian El Al; and American is the beneficiary
Cash strapped El Al last week announced another net loss for the second quarter, to follow a similar negative in the first. This time it was only USD11.2 million, compared with a poorer USD49.9 million (although the first quarter also included a provision for payment of a possible price fixing fine). Fuel costs have hurt El Al more than most; last month, the Israeli flag carrier announced it had arranged to sell two of its 25 year-old B767-200s to a “Philippine company” and its fleet is in real need of a total makeover.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: firstname.lastname@example.org