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El Al Israel Airlines posts higher Q4 profit, boosted by Gaza war

Reuters

TEL AVIV, Feb 29 (Reuters) - El Al Israel Airlines on Thursday posted higher fourth-quarter profit, boosted by the Gaza war which saw the flag carrier mobilise to bring back military reservists while rivals cancelled flights to Tel Aviv.

El AL earned $39.7 million in the October to December period versus $8.5 million in the fourth quarter of 2022, it said. Revenue rose to $678.8 million from $570.7 million. (Writing by Steven Scheer)