TASE:ELALAirlines
El Al Israel Airlines (TASE:ELAL) Stock Rebounds As Margin Pressure Persists
El Al Israel Airlines stock came into this earnings print already on a strong short-term run, with double digit gains over the past week and quarter. The headline today is simple: Q2 flipped the script on a weak Q1. El Al posted quarterly revenue of US$986m and net income of US$125.9m, which translates into positive earnings per share again. The real story now shifts to the longer runway, as investors weigh a lower net profit margin over the past year against a P/E of 10.5x and a market price...