News Brief 10/10/2013, Cheshvan 6, 5774
Israel's National Airline Faces Uncertain Future
El Al will not be receiving a major investment it was counting on, and as a result, the future of Israel's national airline is very unclear. With the airline operating deep in the red for the past two years, analysts said that unless El Al moves quickly to either raise money or cut costs, the airline could find itself in serious financial trouble.
El Al has been a perennial money-loser, usually losing tens of millions of dollars a year.