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The results of El Al Israel in the fourth quarter 2004

Tel Aviv, Israel - The carrier said it ended in red the last three months of last year

The carrier El Al Israel Airlines said it ended in red the fourth quarter 2004, in which the carrier reported USD 25,9m loss, compared to USD 9,6m profit in the same period of the previous year. High fuel cost mixed with a retirement plan for its employees are at the origin of the result, according to what declared in a statement El Al. Israel national airline said it had to add USD 29m more in expenses...

AVIONEWS - World Aeronautical Press Agency - 117357
Rome, Italy, 03/30/2005 14:19
AVIONEWS - World Aeronautical Press Agency

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