EL AL Israel Airlines losses halved in 1Q2012

EL AL Israel Airlines revenue up 1% - financial highlights for three months ended 31-Mar-2012:

• Operating revenue: USD429.1 million, +1% year-on-year;
• Operating costs: USD388.7 million, -4%;
• Operating profit (loss): (USD24.0 million), compared to a loss of USD53.5 million in p-c-p;
• Net profit (loss): (USD23.5 million), compared to a loss of USD42.9 million in p-c-p;
• Passenger numbers: 870,000, -2%;
• Load factor: 81.2%, +4.4 ppts;
• Cargo volume: 25,100 tons, -13%;
• Employees: 5760, -3%;
• Total assets: USD1636 million, +3.2% when compared to period ended 31-Dec-2011;
• Total liabilities: USD1493 million, +4.8% when compared to period ended 31-Dec-2011. [more - original PR]