EL AL reported revenues of $2.1 billion, an increase of about 9% compared to the last year, Annual gross profits totaled about $325.3 million, compared to gross profits of $414.8 million in the previous year. The losses for 2008 totaled about $38.8 million, compared to a
profit of $44.8 million last year, cash flow from the Company’s regular activities in 2008 totaled about $118.9 million. The annual results were influenced by making a provision of $15 million as a result of an agreement with the USA Justice Department, concerning an investigation into cargo services
The loss for the 4th quarter totaled about $9.4 million, compared to a loss of $5.3 million in the parallel quarter last year, largely as a result of the financial crisis and hedging payments.
