El Al announces Q1 results

El Al has reported an 11% increase in revenue to US$464 million in the first quarter of 2018; a 2.5% increase in the number of passengers; an increase in load factor to approx. 83.8%; and a 4.3% increase in yield. The airline also recorded an increase of 15% in operating expenses, attributable primarily to the growth in operations; an increase in fuel expenses totaling approx. US$23 million, mainly due to the increase in fuel price; an increase of approx. US$7 million in payroll expenses following the erosion of the US dollar against the New Israeli Shekel; and an increase in