El Al's third quarter shows healthy profit rise

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Israeli flag-carrier El Al has turned in a third-quarter operating profit of $75.6 million, an increase of 20% on the previous year.

El Al’s revenues for the three-month period lifted by 6% to $643 million. Expenses also rose by 6% to $484 million.

The carrier says its net profit for the quarter surged by 54% to $58 million.

El Al’s operating profit for the first nine months of the year has risen by 12% to $46 million, while its net profit has more than trebled to $29 million.