El Al's profits in 2017: $ 5.7 million

El Al's profits fell by 93% last year compared to 2016 and totaled $ 5.7 million. Revenues rose 3% to $ 2.097 billion. The increase in revenues is due to an increase in the number of passengers by 2.4%
The company's market share in passenger traffic at Ben-Gurion Airport in 2017 was 28.5%, compared with 32.6% last year, in light of the 16% increase in passenger traffic at the airport.
Operating expenses increased in 2017 by about $ 110 million compared to 2016, inter alia due to an increase in salary expenses and an increase in fuel expenses.
Operating profit in 2017 amounted to $ 29 million, compared with $ 110.6 million in 2016. Pre-tax profit in 2017 was $ 8.7 million, compared to $ 93.4 million in 2016.
Revenues for the fourth quarter of 2017 rose 11% to $ 512 million, compared with $ 461 million in the fourth quarter last year. The company ended the fourth quarter of 2017 with a net loss of $ 29.7 million, compared to a loss of $ 2.4 million in the corresponding quarter of 2016.