This news comes on hot on the tracks of a renewed push by Israel to boost tourist travel. Unfortunately for them a recent poster campaign on the London Underground was withdrawn after complaints were received showing that the map of Israel used in the publicity in fact included the Golan Heights and Palestinian Territories
TEL AVIV, May 26 (Reuters) - El Al Israel Airlines lost money in the three months to March as the economic crisis and fighting in the Gaza Strip hit passenger numbers, though costs fell along with fuel prices.
Israel's national carrier said on Tuesday its first quarter net loss was $39.8 million or 8 cents a share, compared with a loss of $50 million or 10 cents a share in the same period last year.
Revenue fell 26 percent to $346.7 million.
Fighting in the Gaza Strip in early 2009, which impacted air traffic in and out of Israel, and a decline in business travellers led to a drop of 13 percent in the number of passengers in the quarter, while cargo revenue fell 52 percent. more
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