El Al reported a first-quarter net loss of $16.5 million, narrowed 59% from a $39.8 million loss in the year-ago period, on a 21% rise in revenue to $420.5 million. President and CEO Elyezer Shkedy said the financial improvement is owing to "increased passenger traffic, strategic commercial planning, aggressively facing increased competition, reducing expenses, as well as significantly improving and expanding cargo activities." He added, "We will do everything possible to ...

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