El Al revenue up 21% but remains in the red in 1Q2010

El Al Israel Airlines revenue up 21% - financial highlights for the three months ended 31-Mar-2010:

• Revenue: USD420.5 million, +21% year-on-year;
• Operating costs: USD363.6 million, +11%;
• Operating profit (loss): (USD14.7 million), compared with a loss of USD42.5 million in p-c-p;
• Profit (loss) before tax: (USD21.8 million), compared with a loss of USD45.3 million in p-c-p;
• Net profit (loss): (USD16.5 million), compared with a net loss of USD39.8 million in p-c-p;
• Load factor: 81%, +2 ppts.