Air Transport World

Middle East

1.63% of world passengers

1.69% of world RPKs

2.70% of world FTKs

El Al: Partial privatization of the Israeli carrier is being proposed by the government, which is aiming to retain the restriction that prohibits it from flying on the Sabbath and Jewish holidays.

El Al posted a net loss of $4 million in 1997, down from $80 million the previous year.

It recorded an operating profit of $13.5 million on a 2.1% rise in revenues to $1.2 billion, an impressive turnaround from an operating loss of $57 million in 1996.

Traffic was flat last year, as El Al flew 2,896,000 passengers, 12 billion RPKs and 1.1 billion FTKs. El Al is forecasting growth of 5. …

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