El Al cancels direct flights to Brazil

There will be no more direct El Al flights to Sao Paulo from November 10.

Two years after introducing direct flights to Brazil, El Al Israel Airlines Ltd. (TASE: ELAL) today announced that it is cancelling its flights to Sao Paulo from November 10. El Al said that the route was being cancelled due to the high cost of jet fuel following global price rises in fuel.

El Al said that passengers who had bought tickets for after November 10 would "receive a solution and reach their destination."

El Al CEO Eliezer Shaked said, "The sharp and ongoing rise in the price of fuel and high security costs and operational costs have made us re-evaluate every El Al flight.

Even after the flights to Sao Paulo are halted, El Al will continue to offer flights to South America through follow-on flights and cooperation with foreign airlines.

Published by Globes, Israel business news - www.globes-online.com - on August 2, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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