El Al Airlines in dire straits as it releases Q4 results

Israel’s flagship carrier, El Al Airlines, may not survive the Covid-19 crisis, auditors warned. Issuing its financial report a month-and-a-half late, the airline reported a US$31.5-million loss in the fourth-quarter of 2019 and warned that it faces collapse if it fails to secure a government-backed loan, Israel’s Haaretz reported. The loss, down slightly from US$31.6 […]