JERUSALEM, Aug 15 (Reuters) - El Al Israel Airlines
reported a nearly 150% jump in quarterly profit on
Thursday, taking advantage of its often near-monopoly status as
many foreign carriers have cancelled flights due to the
Israel-Hamas war in Gaza.
Israel's flag carrier posted a second-quarter net profit of
$147 million, up from $59 million a year earlier and prior to
the war that began on Oct. 7.
Revenue rose 33% to $839 million, while its passenger load
factor rose to 92% from 87%, even as it expended capacity by 8%.
Separately, El Al announced a deal with Boeing ( BA ) for
the purchase of up to 31 737 MAX aircraft worth as much as $2.5
billion.