EL AL Israel Airlines posts 2015 net profit of US$106.5m

El Al concluded 2015 with a net profit of approx. US$106.5m, compared to a loss of approx. US$-28m in the last year. Profit before tax amounted to approx. US$144.6m compared to a loss before tax of approx. US$-38m in 2014. Revenues in 2015 amounted to approx. US$2.054bn, compared to US$2.081m in 2014. Operation costs decreased in 2015 by approx. US$210m, amounting to approx. US$1.593bn, a decline of approx. 12% compared to 2014, mainly due to a drop in fuel costs. The Company’s EBITDA amounted in 2015 to approx. US$331m, compared to approx. US$129m in 2014 – an increase of approx. 156%. Cash flow from operating activities in 2015 amounted to approx. US$271m, compared to approx. US$163m in 2014.