El Al reports USD14.8m net profit; SAS narrows net losses, reports profit minus ash cloud costs
European airline shares moved higher on Wednesday (18-Aug-2010), after El Al and SAS reported improved financial results for 2Q2010 and oil prices (-0.5%) fell to USD75.42. The rise was despite falls in wider European markets, pushed lower by declines in the commodities sector, due to profit taking, as well as the mining sectors.
