Israel's El Al Airlines moves to Q1 loss on Iran war
Published on May 20, 2026.
Israel's flag carrier, El Al Israel Airlines, reported a net loss of $67 million in the first quarter, largely due to the ongoing conflict with Iran. The conflict kept Israel's airspace largely closed to commercial flights. El Al attributed the loss to the conflict, which began on February 28 and lasted until April 8, a weak dollar against the shekel, and higher fuel costs.
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