Air Transport World

El Al.(El Al Israel Airlines earnings)(Brief Article)

El Al reported net income for 2003 of $6.35 million, reversing a loss of $6.4 million in the prior year. Excluding the impact of currency fluctuations, net earnings climbed to $24.2 million compared with a $22 million loss in 2002. Revenues increased 6% to $1.17 billion.

For the fourth quarter ended Dec. 31, income totaled $9.6 million in contrast to a $26.3 million loss in the year-ago period. Revenues climbed 15% to $303.8 million and operating income was $9.5 million against an operating loss of $27 million in the 2002 quarter. …

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