El Al Israel Airlines Ltd 2008 Annual Report with Sustainability Disclosures
Company: El Al Israel Airlines Ltd
Sector: Transport & logistics
Country: Israel
Year: 2008
Type: Annual Report with Sustainability Disclosures
Pages: 311
The report says El Al's consolidated revenues reached $2.101 billion in 2008, but it recorded a net loss of $38.8 million amid heightened competition and a 43% rise in jet-fuel prices. The company increased passenger-kilometer yield by 18% and continued its fleet renewal, including a 747-400, two leased 737-800s, and an agreement to purchase four 777-200s. It also introduced the Amadeus distribution system during the year.
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