57.1 millió dolláros profit az EL AL-nál 2010-ben Elyezer Shkedy, President and CEO of presented
Elyezer Shkedy, President and CEO of EL AL presented today the financial reports for the entire 2010 financial year
The net profit totaled $57.1 million, compared to a loss of $76.3 million in the parallel period last year
Company revenues for 2010 increased by 19%, and totaled $1.97 billion, compared to $1.65 billion in the parallel period last year.
Shareholders’ equity at 31st December 2010 totaled $249 million, compared to $124 million as at 31st December 2009, an increase of about 100%.
EL AL’s load factor was 81.6%, compared to 81% in the parallel period last year, an increase of about 1%. The overall load factor at Ben Gurion Airport for the foreign scheduled airlines was 76.7%.
- Operating expenditure in 2010 totaled $1,584.6 million, compared to $1,444.3 million in the parallel period last year, and increase of about 10%. The ratio of operating expenditure on turnover dropped from 87.2% to 80.3%.
- Gross profits increased by 83% in 2010, and totaled $387.7 million, compared to gross profits of $211.6 million in 2009. The profit ratio on turnover was 19.7%, compared to 12.8% in 2009.
- Cash flow from regular activities in 2010 totaled $203.3 million, compared to a cash flow of $22.4 million in 2009, an increase of 807%.
- Shareholders’ equity at 31st December 2010 totaled $249 million, compared to $124 million as at 31st December 2009, and increase of about 100%
“During the year the Company took care of the aircraft fleet for the short term, and of re-equipping and renewing the fleet for the long term. The Company purchased one Boeing 747 passenger aircraft, which arrived in February 2011. In 2010 two leased passenger aircraft also entered service with the Company; one 767-300 and one 737-800, in addition to one 747-400 cargo aircraft. Another leased 767-300 is expected to join our fleet in the middle of April 2011. The Company has also signed lease agreements for an additional five aircraft.
“In February 2011 the Company signed a commercial contract with Boeing to purchase four new advanced-design 737-900s. These aircraft are expected to start service with EL AL beginning in 2013 and until 2015. The contract also calls for purchasing two more similar aircraft that can be exchanged for optional purchases. EL AL also received an option to purchase an additional two aircraft of this type.
“In parallel, we continue to develop growth engines in other fields, including maintenance, commerce, cooperation agreements and tourism. During the year the Company signed a number of cooperation agreements with some of the world’s leading airlines, to increase the number of destinations we offer. The companies include the US airline Jet Blue; the agreement with Jet Blue enables EL AL to offer a range of onward destinations throughout the USA. Agreements were also signed with the Russian Airline S7, and the Chinese airline Air China. The Company is in the final stages of signing several other cooperation agreements.
“During 2010 EL AL began offering three daily flights on the Ben Gurion-Eilat route. Since starting the service, passenger traffic to Eilat has increased, and the Company flew about 95,000 flight-segments. Our share of the domestic passenger traffic to Eilat was about 16%.