NEW YORK – March 24, 2014
– EL AL Israel Airlines has reported a net profit of $25.4 million in 2013, a significant contrast to the $18 million loss in 2012, as well as a four percent growth in revenue totaling $2.10 billion. Cash flow totaled more than $185 million last year as compared to $78 million in 2012, an increase of 137 percent. The cash balance totaled $99 million in 2013 and was $68.1 million in 2012.
EL AL seat availability increased four percent last year. In addition, as part of the airline’s efforts to establish additional growth engines, worldwide ticket sales on the EL AL website increased 19 percent. Membership in the EL AL Matmid Frequent Flyer Club, including the USA, dramatically increased and now totals 1.3 million members worldwide.
The fourth quarter loss (October thru December) totaled $3.7 million, as compared to a $26.1 million loss in 2012. The airline’s revenue during this quarter totaled $499 million, an increase of about 8% over the previous year.
The company continues with its investment plan, including the purchase of eight new Boeing 737-900 aircraft for the Israel/European route. Two of these are already in service and two more will be utilized for the summer traffic. The other four 737’s will be in service by 2016.
In 2013, EL AL celebrated 65 historic years as the national airline of Israel. The airline also secured several top awards and honors from independent entities, including Travel + Leisure and Condé Nast Traveler for achieving excellence in cabin comfort and in-flight service, serving superior authentic Israeli food, providing the best airline security and developing an original upgrade bidding program.
For more information and to book flights, visit www.elal.com
or call EL AL at (800) 223-6700 or contact any travel agent.