All El Al articles
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NewsGradual return of foreign carriers begins to curb El Al profit performance
Israeli flag-carrier El Al has acknowledged the increasing return of foreign airlines to Tel Aviv over the third quarter, following the cessation of Gaza hostilities, but points out that they are still operating at “relatively low” volumes. El Al adds that this return is remaining “gradual” during the fourth quarter, ...
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NewsIsrael’s El Al names finance and technology figure as new chief executive
Israeli flag-carrier El Al has named Levy Halevy as its next chief executive, succeeding Dina Ben Tal Ganancia. The airline has also disclosed that its chief financial officer, Yacov Shahar, is stepping down. Halevy is a former chief of Israel Credit Cards. He also previously served in a number of ...
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NewsEl Al stays profitable despite $100m impact of Israeli airspace closure
Closure of Israeli airspace for nearly two weeks in June hammered the second-quarter results of flag-carrier El Al, although the airline still managed to generate a profit for the period. El Al says it suffered a $100 million pre-tax impact as a result of the closure, implemented on 13 June ...
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NewsEl Al to seek new chief as Ganancia decides to step down
Israeli flag-carrier El Al’s chief executive, Dina Ben Tal Ganancia, is to step down from her post by the end of this year. Ganancia, who has served in the top job for three years, is the airline’s first female chief. She has overseen the company’s emergence from the Covid-19 pandemic ...
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NewsEl Al and other airlines face compensation lawsuit over flights cancelled during airspace closure
Israeli flag-carrier El Al is one of nine airlines facing a potential class action lawsuit over compensation claims for delayed or cancelled flights during the recent military clash with Iran. The lawsuit has been filed with the central district court in Lod. El Al says it alleges violation of aviation ...
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NewsEl Al starts restoring services as Israeli airspace re-opens
Israeli flag-carrier El Al has started restoring operations, after the airspace around Tel Aviv Ben Gurion airport was re-opened for normal flight activity. El Al and other Israeli carriers were forced to ground regular services when the country’s airspace was shut, as Israeli forces commenced a military air campaign against ...
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NewsCourt filing alleges El Al exploited passengers with fare hike during conflict
Israeli flag-carrier El Al is facing potential legal action over allegations that it took advantage of depleted competition, arising from the Gaza conflict, to hike prices. The airline says it is aware that an approval request has been filed with a central district court in Lod for a class action ...
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NewsEl Al to reconfigure final 777 and return it to operation
Israeli flag-carrier El Al has opted to reconfigure another Boeing 777-200ER, a decision which will restore its fleet to six of the twinjet type. The airline has been refurbishing some of its 777s with a higher-density layout of 313 seats – featuring business, premium-economy and economy cabins – and aligns ...
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NewsHigh demand keeps El Al financial performance strong in first quarter
Israeli flag-carrier El Al’s first-quarter financial performance has improved, even upon the unusually-high figures from last year, as strong demand for the airline’s flights persisted. El Al says the demand continued to be “significantly higher” than the supply of seats it could offer – generating average load factors above 94%, ...
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NewsLeisure operator Sun D’Or echoes parent El Al’s strong full-year performance
Israeli carrier El Al’s leisure and charter operator, Sun D’Or, has echoed its parent’s strong financial performance with a doubling of full-year profit. Sun D’Or transported over 1 million passengers last year, for the first time in its history, according to El Al’s latest financial statement. The carrier uses a ...
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NewsEl Al explores acquisition of widebody freighter as part of fleet expansion plan
Israeli carrier El Al is considering addition of a widebody freighter to its fleet, as part of a revision of its strategic plan to the end of the decade. El Al has already introduced a Boeing 737 freighter which is addressing increased demand for cargo services since the beginning of ...
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NewsEl Al full-year profits surge as Tel Aviv under-capacity persists
Israeli carrier El Al expects the first quarter of this year to reflect a continuing under-capacity trend, despite the increased presence of competing carriers at Tel Aviv. El Al believes the overall seat supply at Tel Aviv Ben Gurion airport will be 30% lower than during the first quarter of ...
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NewsEl Al controlling shareholder raises stake after buoyant stock performance
Israeli flag-carrier El Al’s controlling shareholder, Eli Rozenberg, has exercised stock options, taking his interest in the airline to 49.46%. El Al’s share price has surged – more than doubling since mid-June last year – following a robust financial performance. The airline has benefited strongly from depleted competition as rival ...
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NewsAbsence of El Al competition spurs hi-tech firms to plan 777 charter to Newark
Absence of competition on Israeli-US routes has spurred a group of hi-tech corporate interests to set up an alternative air transport operation for the first quarter of 2025. The operation, which has been branded TechAir, involves leasing or chartering a widebody aircraft – the current proposal is a wet-leased Boeing ...
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NewsEl Al purchases 777 airframe to secure spare engines for operational fleet
Israel’s El Al has purchased a Boeing 777 fuselage in order to have spare engines available for its fleet of the twinjet type. The airline disclosed the acquisition as it released third-quarter financial results. El Al says it was purchased from a “foreign company” for a consideration of $7.3 million, ...
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NewsEl Al benefits in third quarter as regional jitters keep competitors away
Israeli flag-carrier El Al’s third-quarter revenues topped $1 billion as the airline continued to benefit from the depleted competition out of Tel Aviv. Demand generated a $308 million surge in revenues for the three months including $36 million for the cargo sector. El Al’s pre-tax profit for the three-month period ...
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NewsEl Al stays with Trent 1000 for additional 787s: Rolls-Royce
Israeli flag-carrier El Al appears to be sticking with Rolls-Royce engines for its latest Boeing 787s, as the manufacturer progresses with work on blade improvements. El Al already has 16 Trent 1000-equipped 787s, and is due to take delivery of another Trent-powered 787-9 originally intended for another customer. Rolls-Royce states, ...
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NewsEl Al withdraws offer to invest in finance firm Isracard
Israeli flag-carrier El Al has withdrawn its preliminary offer to invest in credit-card and financial services firm Isracard, citing time constraints. The airline had disclosed a non-binding offer in mid-October to take a 45% shareholding in Isracard, through a private placement. But El Al states that Isracard set a “short ...
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NewsEl Al pursues controlling investment in Israeli credit-card company
Israeli flag-carrier El Al is seeking a meeting with representatives of the financial services and credit-card firm Isracard, after offering to acquire a 45% shareholding in the company. El Al is offering to purchase shares through a private placement, its chief executive Dina Ben Tal Ganancia states in a communication ...
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NewsConflict ripples continue to enhance El Al’s financial performance
Israeli carrier El Al has maintained its strong performance over the first half of the year, as the effects of the Gaza conflict continue to disrupt the normal seasonal activity cycle. The unusually high load factors of the first quarter did not subside in the second, giving an overall average ...