El Al has announced a Q2 profit of $14.8m compared to a $19.7m loss for the same three months in 2009.
The Israeli national carrier said revenue had jumped by 25% to $498.56m compared to $399.4m last year.
The carrier enjoyed an operating profit for the three months to the end of June of $25m, compared to a $24.5m loss in 2009.
In the three months, El Al's load factor rose to 80.1%, compared to 77.6% last year.
Elyezer Shkedy, El Al's president and ceo, said: "After stabilising the company, we also succeeded in improving and reversing the trend, thus bringing El Al to profitability.
"This was achieved by creating a significant increase in revenues - by about 25% - which totalled $498.5m, as well as an 88.4% drop in operating costs - to a ratio of 80% on turnover.
"We adopted a very focused commercial policy to achieve the improved revenues."
www.elal.co.il