FlightGlobal
• David Kaminski-Morrow
El Al first-quarter loss as Iran war disrupts flights, closes Israeli airspace, and lifts fuel costs; net profit hit estimated a
El Al posted a first-quarter net loss of $67 million, citing Iran-war-related operational disruption, closure of Israeli airspace and higher fuel costs. The carrier estimated the Middle East conflict would have cut net profit by $145 million versus a would-have-been profitable period, also weighing on results through currency effects.
