El Al's 2Q cash pile falls to $109.5m

Source: Flightglobal.com
This story is sourced from Flightglobal.com

El Al's second quarter cash position fell to $109.5 million in the quarter to 30 June from $173.8 million in the year-earlier period.

Cash flow from operations decreased to $14.1 million for the period from $20.2 million in the second quarter of 2011.

The carrier reduced its losses in the second quarter to $6.2 million, compared with $19.7 million in the same period last year.

Revenues for the quarter were down 2.7% to $517 million, compared with the the same period last year.