El Al net profit of US$57.1 million in 2010

Revenue rose 19% to US$1.97 billion in 2010 from US$1.66 billion in 2009. El Al CEO Eliezer Shkedi will transfer to a fund for airline employees, of NIS 5.7 million for 2010
 
 
El Al Israel Airlines Ltd. posted a net profit of US$57.1 million in 2010, compared with a net loss of US$76.3 million in 2009. Revenue rose 19% to US$1.97 billion in 2010 from US$1.66 billion in 2009.
 
El Al carried 4.18 million passengers in 2010, 10% more than the 3.81 million carried in 2009. 
 
El Al CEO Eliezer Shkedi told the board of directors that he has decided to transfer to a fund for airline employees, which will be set up this year, 50% of his gross annual bonus of NIS 5.7 million for 2010.
 
In a press release El Al said that, due to the swing to profit, and pursuant to the collective labor contract signed with the workers committee in 2008, it will raise salaries by 3%.