El Al posts $76 million 2009 loss, preparing new business plan

[BizJet]

El Al reported a $76.3 million net loss for 2009, widened from a $41.9 million net loss in 2008, and new President and CEO Elyezer Shkedy vowed to "ensure" this year is "a turning point" by focusing on cutting costs and developing new revenue sources.

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