El Al Airlines quarterly loss narrows on cost cuts
By Airlineberg Reporter - Thu May 24, 11:10 am
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El Al Israel Airlines said its first-quarter net loss narrowed due to cost cuts, including a reduction in its workforce, and it is working on a new business strategy.
Israel’s flag carrier said on Thursday it had a quarterly net loss of $23.4 million, compared with a loss of $42.9 million a year ago.
Read More : http://www.reuters.com/article/2012/05/24/elal-idUSL5E8GO1XM20120524
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