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

El Al Israel Airlines on Thursday posted a higher fourth-quarter profit, boosted by the Gaza war, which saw the flag carrier mobilize to bring back military reservists while rivals canceled 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. Revenue rose to $678.8 million from $570.7 million.