El Al Israel Airlines Ltd. published a profit warning for the third quarter of 2014 in which it expects its third-quarter revenue to fall by as much as US$50 million due to canceled bookings as Israel's armed conflict with Gaza Strip militants stretches into a third week.

El Al's statement said: "The company wishes to announce that because of Operation Protective Edge there have been many flight cancellations both by Israelis and by passengers from overseas on both outgoing and incoming flights. This is in addition to a substantial drop in bookings for the company's flights,"

The company's initial estimate of the impact of the cancellations and the decline in bookings is of a fall in third quarter 2014 revenue of $40-50 million. For the third quarter of 2013, the carrier reported $643.29 million revenue. Despite rockets from Gaza being fired daily at Israeli cities, including Tel Aviv, Ben Gurion International Airport has operated with minimal disruption, according to the Israel Airports Authority.