El Al Israel Airlines reports first quarter of 2009 financial Results. Revenues in the first quarter amounted to $346.7 million compared to $469.3 in the same quarter last year, a drop of about 26%. The decline in revenues from operations is mainly due to a decrease of about 13% in the number of passengers, compared to the first quarter of 2008, and a decrease in the average revenue per passenger kilometer. The net loss in the first quarter of 2009 amounted to $39.8 million compared to a net loss of $50 million in the same quarter last year.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada