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Israeli flag carrier caught in cargo slump

By Adina Solomon on November 26, 2013

Despite EL AL Israel Airlines reporting growth in revenue and profit during the third quarter of 2013, the Israeli flag carrier’s airfreight is down.

Cargo revenues dropped by about 0.8 percent year over year. During the third quarter, EL AL had nearly 36 percent of the cargo market share at Ben Gurion International Airport in Tel Aviv...

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