El Al CEO Gonen Usishkin attributed losses in 2017 to increased competition and salary expenses (Reuters/Globes/The Marker, 21-Mar-2018). Mr Usishkin said competition in the Israel market increased with additional foreign carrier and LCC seats. Mr Usishkin added expenses grew as a result of exchange rate movements, affecting salary and fuel costs. The carrier expects to maintain competitiveness and increase passenger traffic with fleet modernisation, US expansion, additional frequencies and the introduction of a new pricing model.
El Al faces increased competition and higher expenses in 2017
22 March, 2018