Noticed some unbelievably cheap fares ex-VDA (Ovda/Eilat) to LTN (London Luton) - $31/£29.50 one way. All the flights are on Thursdays.
The return to VDA is much more expensive, but I'm sure cheaper fares are out there to TLV.
Flights can be booked direct at
http://www.monarch.co.uk and other OTAs (ebookers, for example).