El Al slips to first-half operating loss

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Israeli flag carrier El Al recorded a substantially lower operating figure for the first half of 2011 compared to the corresponding period a year earlier.

It posted an operating loss of $76.7 million, compared to an operating profit of $10.3 million a year ago.

The loss came despite improved turnover, which grew to $955.7 million, up $30.1 million on a year previously.