|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1700 - 0.1700|
|52 Week Range||0.1500 - 0.5000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
El Al's fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid. An official at El Al, which has put almost all of its 6,500 workers on unpaid leave and suspended passenger service, told Reuters that its board will choose between two proposals. Avi Edri, chairperson of the transport workers union at the Histadrut labour federation, said 2,000 job cuts are likely, as well as salary reductions to pilots.
In 2019, El Al (TASE: ELAL) was in the midst of a major upheaval in its aircraft fleet: The Company completed the removal of old fleets, received 14 Dreamliner aircraft and completed the interior improvement of its narrow-body aircraft fleet.
As the novel coronavirus continues to spread, commercial flights have all but stopped. A Reuters analysis of data from FlightAware, which tracks air traffic in real-time, reveals a series of sequential and precipitous declines in flights in four key regions as officials sought to contain the outbreak. From March 24 to March 30, FlightAware tracked about 280,000 flights, down almost 500,000 from the same week a year earlier.
SEOUL/SYDNEY, March 10 (Reuters) - Airlines around the world sank deeper into crisis on Tuesday as the worsening coronavirus epidemic and Italy's lockdown hammered passenger numbers, forced the cancellation of thousands of flights and led to the delaying of plane orders. Some carriers face calamity, with Korean Air Lines warning the virus outbreak could threaten its survival after it scrapped more than 80% of its international capacity, grounding 100 of its 145 passenger aircraft. "The situation can get worse at any time and we cannot even predict how long it will last," Woo Kee-hong, the president of South Korea's biggest airline, said in a memo to staff that summed up the turmoil facing the industry.
For the third quarter of 2019, the Company
Moody's Investors Service ("Moody's") has assigned an A1 to the BOSFUEL Project's $129.8 million Special Facilities Revenue Bonds (BOSFUEL Project), Series 2019A (AMT) and $6.8 million Special Facilities Revenue Bonds (BOSFUEL Project), Series 2019B (Taxable), issued by the Massachusetts Port Authority ("Massport") on behalf of BOSFUEL. The A1 rating is driven by the strength of the cost recovery framework supporting the bonds.
The Company's (ELAL.TA) revenues for the quarter amounted to approximately USD 584 million compared to approximately USD 547 million for the second quarter of 2018, indicating an increase of about 7%, mainly due to the growth in the number of passengers and the increase in revenue per passenger, which was attributable, among others, to the timing of Passover that occurred in the second quarter of the year. By the end of this year, the Company is expected to receive three more 'Dreamliner' aircraft, and in the first quarter of 2020 it will received the last two.
Each Friday this summer, an El Al Airlines Boeing 787-9 — an airplane with a list price of almost $300 million, arrives in Las Vegas in the late morning, then sits for nearly 36 hours before returning to Tel Aviv late the next night. This is typically not how airlines use their newest, most efficient […]The post Israel's El Al Airlines Tries to Reinvent Itself for the Modern Era appeared first on Skift.