El Al: 3Q2014 revenue to be down USD40-50m as a result of Gaza conflict

El Al stated (21-Jul-2014) it expects a USD40-50 million (ILS136.7-170.86 million) reduction in 3Q2014 revenue due to the ongoing conflict in Gaza. El Al stated: "There have been many flight cancellations by foreign and Israeli passengers, both on outgoing as well as incoming flights. This is in addition to a significant drop in reservations for the company's flights, which to the best of the company's knowledge is due to the conflict." [more - original PR - Hebrew]