Cargo play cements El Al’s Q4

HIGHER cargo revenue has helped El Al Israel Airlines (El Al) secure a healthy profit for the last three months of 2010.

El Al posted quarterly net profit of US$16.3 million compared with a loss of $29 million in the last three months of 2009 when the global financial crisis cut into cargo figures.

El Al’s market share from Ben Gurion International Airport dropped down to 37.1 per cent at the end of 2010 from 37.5 per cent in 2009. Its load factor rose slightly to 81.6 per cent from 81 per cent.

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