Air Transport World

EL AL: elal.co.il.(Africa/Middle East)(El Al Israel Airlines)(Brief article)

The Israeli flag carrier posted its highest-ever annual earnings in 2005, reporting $64.1 million in net income, up 94% over 2004. The strong results, which included a 17% rise in revenues to $1.62 billion, served as an endorsement of 2004's transfer of control of El Al Israel Airlines from the government to the private sector, with Knafaim Arkia Holdings now owning a controlling stake.

The carrier unveiled an ambitious five-year plan called El Al 2010 that aims to keep revenues and profits on an ascent and includes investment in new long-haul aircraft and transforming base/hub Tel Aviv Ben Gurion International Airport into a high-frequency East-West gateway attracting passengers from as far away as North America to the Far East. …

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