El Al reported quarterly results for the third quarter this past week, as a result of which, the airline's stock dropped. The stock market viewed the decline in profits for Q3 (typically El Al's most profitable quarter) and sold off the airline's...
Zim experienced a challenging quarter.  Its overall fright carried dropped 4.3%. However, in light of an increase in freight charges, Zim revenue actually rose by 6%. Offsetting the increase in revenue, was the rising price of oil, which caused the company’s losses...
787 Arriving to El Al El Al had its worst quarter ever, losing $55 million. The company’s monumental loss is attributed to a number of factors, the most significant of which, is a drop in passengers.  El Al’s income dropped to $429 million...
El Al, Israel Airlines, is in serious difficulty, after a year and a half of pandemic. The Israeli government has put far more restrictions on air travel than almost any government, except  for Australia and New Zealand. Moreover, the government or, more...
(Update)In a dramatic about face, Arkia announced on July 4th that it would not lay off employees and would find other ways of restructuring. The new announcement came only two days after the initial announcement in which Arkia announced major...
THE CITY OF EILAT. IN THE PHOTO, GENERAL VIEW OF THE MARINA AND THE HOTELS. העיר אילת. בצילום, מראה כללי של המרינה והמלונות בעיר. In June 2019, a record 365,000 tourist entered Israel. This represents an increase of 17.7% from one of 2018....
EL Al managed to turn a minimal profit during the second quarter of 2019, reporting profits/of $84,000, after losing $18 million in Q1 of 2018. While El Al dropped to carrying 25.7% of the passengers in and out of Ben Gurion Airport,...
Arkia has added a number of international destination to its winter flight schedule. The company will fly twice weekly to Rome, Prague, Athens, as well as, to Goa and Chochin in India. With the closing of Tel Aviv’s Sde Dov Airfield, Arkia...
The Turkish Airline, Corendon plans to increase its service to Ben Gurion Airport.  The airline will operate a weekly flight to Cologne, to Nuremberg, as well as flights to the island of Corfu, Perugia Italy, and Sofia Bulgaria. Corendon operates two hubs...
On Sunday evening, Prime Minister Netanyahu made the final decision to close Sde Dov Airport. The decision to abolish the airfield, located inside Tel Aviv along the beach, was vehemently opposed by the people of Eilat, as well as, by the Tel...