El Al Israel Airlines announces Q3 financials

El Al Israel Airlines (TASE: ELAL) has announced that revenues in the third quarter of 2017 amounted to approx. USD 626 million, compared to approximately USD 644 million in the third quarter of the previous year, the company said.

Operating revenues in the third quarter of 2017 amounted to approx. USD 69 million, compared to approx. USD 96 million in the third quarter of the previous year.

Profit before tax in the third quarter of the year amounted to approx. USD 64 million, compared to profit before tax of approx. USD 93 million in the third quarter of the previous year.

Net profit in the third quarter of 2017 amounted to approx. USD 49 million, compared to a profit of approx. USD 69 million in the third quarter of 2016.

EBITDA In the third quarter amounted to approx. USD 109 million, compared to approx. USD 142 million in the third quarter of last year;

EBITDAR In the third quarter amounted to approx. USD 147 million, compared to approx. USD 191 million in the third quarter of last year;

The company´s cash balances and deposits as of September 30, 2017 totaled approx. USD 289 million.

El Al Israel Airlines Ltd. is the National Air Carrier of Israel. In 2016, El Al recorded revenues amounting to nearly USD 5.5 billion. El Al carries about 5.5 million passengers a year. The company operates flights to about 34 direct destinations around the world and many other destinations by means of cooperation agreements with other airlines, thus it currently operates 43 aircrafts, of which 27 are owned by the company.