All El Al articles

  • El Al 777-c-Phillip Capper Creative Commons
    News

    El Al strives to settle labour dispute with cockpit crews

    2022-07-04T08:12:00Z

    Israeli flag-carrier El Al is continuing negotiations with cockpit crew representatives in a bid to resolve a persistent dispute ahead of a labour court hearing. The dispute – focused on pay claims and working conditions – has led to disruptions in the airline’s schedule over the past couple of months ...

  • El Al Arkia-c-Nicky Boogaard Creative Commons Airbus
    News

    El Al to continue Arkia merger talks despite exclusivity period ending

    2022-06-29T08:59:00Z

    Israeli flag-carrier El Al aims to continue negotiating with leisure airline Arkia regarding a proposed acquisition, but the exclusivity period for the talks is not being extended. El Al entered talks with its fellow Israeli carrier last year with a view to purchasing the entire share capital of Arkia and ...

  • El Al fleet-c-El Al
    News

    El Al formally signs for $130m loan against its loyalty programme

    2022-06-27T06:05:00Z

    Israeli flag-carrier El Al has signed a formal agreement for the sale of its frequent-flyer scheme, valued at $500 million, in order to provide additional liquidity to the airline. The scheme and its assets are being sold to a subsidiary of the carrier, El Al Matmid Frequent Flyer. El Al ...

  • Pegasus, El Al, KLM, Austrian
    Analysis

    Airline CEO changes in 2022 dominated by appointment of women and upheaval in India

    2022-06-17T12:00:00Z

    The global airline executives gathering in Doha for this year’s IATA AGM will reflect recent trends including better gender diversity among incumbents and big changes at Indian carriers

  • El Al fleet-c-El Al
    News

    El Al tries to stem pilot disruption as it copes with recovery demand surge

    2022-05-20T07:58:00Z

    Israeli carrier El Al is urging pilots to ensure flight schedules are met, after multiple cancellations over a dispute with the company. El Al says it has contacted its pilots’ committee seeking “immediate” negotiations over the matter. The company says it has been forced to cancel services in recent days ...

  • El Al fleet-c-El Al
    News

    El Al prepares for share issue and finalisation of loyalty loan

    2022-05-18T10:03:00Z

    Israeli flag-carrier El Al is preparing for a share offering valued at around $62 million, as part of its effort to solidify its financial position. The airline is also finalising discussions with insurance firm Phoenix Group over a $130 million loan against its frequent-flyer programme, and expects to finish the ...

  • El Al-c-El Al
    News

    Recovering El Al looks towards profitability next year

    2022-05-18T06:51:00Z

    Israeli flag-carrier El Al is working to restore its operation to pre-crisis levels with the intention of shifting to profitability from the second half of 2023. It has posted a $66.3 million net loss for the first quarter of 2022, a 23% improvement on the previous year’s figure for the ...

  • Dina Ganancia-c-El Al
    News

    Israel’s El Al appoints first female chief executive

    2022-04-07T13:46:00Z

    Israeli flag-carrier El Al has appointed a female chief executive, Dina Ben Tal Ganancia, to succeed the departing Avigal Soreq. Ganancia will take up her position on 1 June, according to El Al. Source: El Al Ganancia will succeed the outgoing Avigal Soreq She previously serviced as ...

  • Airline Business Weekly Briefing Logo WEB2
    Analysis

    More airlines able to look forward with confidence about recovery

    2022-03-31T16:30:00Z

    A notable theme over the past week has been the shift in global airline narrative towards renewal, as more markets emerge from the worst of the Covid-19 crisis.

  • Avigal Soreq-c-Delek
    News

    El Al chief executive Soreq quits to lead former US employer

    2022-03-28T12:18:00Z

    Israeli flag-carrier El Al’s chief executive, Avigal Soreq, is stepping down from the top post at the airline after little more than a year. Soreq will leave the role towards the end of June this year, according to El Al. He joined the company in January last year after being ...

  • RAM 787 title-c-RAM
    Interview

    El Al seals Moroccan codeshare after RAM opens Tel Aviv link

    2022-03-16T09:49:00Z

    Moroccan flag-carrier Royal Air Maroc has reached a codeshare agreement with Israeli counterpart El Al, tightening the newly-formed ties between the two sides. RAM inaugurated a service between its Casablanca hub and Tel Aviv on 13 March. It operated a Boeing 787 on the route, as flight AT228, carrying a ...

  • El Al 737-c-El Al
    News

    El Al agrees $130m loan against frequent-flyer programme

    2022-03-15T09:22:00Z

    Israeli flag-carrier El Al has reached a provisional agreement with insurance specialist Phoenix Group regarding a loan to the subsidiary which holds the airline’s frequent-flyer loyalty programme. Upon completion of the transaction, Phoenix will provide a loan of up to $130 million which will be repaid by 31 December 2027. ...

  • El Al 787-c-El Al
    News

    El Al turns in full-year net loss of over $400m

    2022-03-03T09:15:00Z

    Israeli flag-carrier El Al has posted a full-year net loss of $413 million, compared with the previous year’s loss of $531 million. El Al’s revenues reached $857 million – higher than the $623 million during the pandemic-hit 2020 but still far below the near-$2.2 billion in the year before the ...

  • El Al 787-c-El Al
    News

    El Al given more time to conclude loyalty-scheme sale

    2022-03-02T09:42:00Z

    Israel’s government has granted flag-carrier El Al more time to sell its frequent-flyer programme, one of the conditions of a financing package agreed with the state. El Al has also pledged not to sell its take-off and landing slots at various airports, or use them in other ways to raise ...

  • El Al 787-c-El Al
    News

    El Al looks to exploit assets in order to strengthen financial position

    2022-02-23T10:40:00Z

    Israeli flag-carrier El Al is looking at the possibility of using its assets to continuing strengthening its balance sheet, although it has yet to confirm whether these include its landing slots. The airline says it is examining “various outlines” and “all the options available”, working in co-operation with a number ...

  • El Al Arkia-c-Nicky Boogaard Creative Commons Airbus
    News

    El Al board approves non-binding framework for Arkia acquisition

    2022-02-03T11:54:00Z

    El Al’s board has approved a non-binding memorandum of understanding in preparation for signing an agreement to acquire fellow Israeli carrier Arkia. Under the proposed transaction El Al will acquire the entire share capital of Arkia from its shareholders, and the airline will become a wholly-owned subsidiary of the Israeli ...

  • El Al business class-c-El Al
    News

    El Al sets up subsidiary to host loyalty programme

    2022-01-19T10:44:00Z

    Israeli flag-carrier El Al has shifted its frequent-flyer programme to a wholly-owned subsidiary as part of its efforts to obtain financial support from the government. El Al says the activities and assets of the programme have been moved to assist the development of the business and the “recruitment of investors”. ...

  • El Al 787-c-El Al
    News

    El Al reaches framework agreement with Israeli government over additional aid

    2021-12-31T07:05:00Z

    Israeli flag-carrier El Al has reached an agreement in principle with the country’s government on an additional aid plan in response to the air transport crisis. The Israeli finance ministry states that the understanding follows “intensive negotiations” over the last few weeks between the parties. Its framework plan includes an ...

  • IntellAct turnaround tool-c-IntellAct
    News

    El Al arm shows off automated monitor to speed turnaround times

    2021-11-30T07:28:00Z

    Israeli carrier El Al’s technological investment division Cockpit Innovation is showing off an artificial intelligence tool intended to increase turnaround efficiency at airports. It will present the system – developed by one of its portfolio firms, IntellAct – at the World Aviation Festival event in London, which opens on 1 ...

  • El Al fleet-c-El Al
    News

    El Al’s nine-month losses top $300m

    2021-11-24T09:03:00Z

    Israeli flag-carrier El Al has turned in net losses of $136 million for the third quarter, taking total losses over the first nine months to $303 million. El Al generated third-quarter revenues of $253 million, the carrier has disclosed in its latest financial statement. The carrier is still trying to ...