El Al Israel Airlines reported a third-quarter 2016 net profit of $70 million, down 24.7% from $93 million in the year-ago quarter. El Al said the result was mainly attributable to an increase in operating expenses over the quarter, which were up 7.3% to $470 million, compared to $438 million in 3Q 2015.

Southwest Airlines’ appearance technicians have ratified a four-year tentative agreement with the Dallas-based airline.

In its latest market outlook, Boeing projects demand for 3,860 new commercial aircraft in southeast Asia through 2035, valued at $565 billion.