All El Al articles – Page 3
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NewsEl Al seals efficiency pact with maintenance and engineering personnel
Israeli flag-carrier El Al has reached an agreement with its maintenance and engineering personnel as part of its efforts to tighten the airline’s efficiency. El Al says the pact, signed on 16 August, will run until the end of 2026. It will cover El Al’s plans to introduce wet-leased passenger ...
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NewsEl Al to consider wet-leases and more 787s to address capacity shortfall
Israeli flag-carrier El Al is to explore the possibility of additional Boeing 787s from the second half of next year, once it completes introduction of its current fleet. The airline has 15 of the type – comprising 12 787-9s and three 787-8s – and it is expecting to receive one ...
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NewsEl Al works to restore activity levels as recovery gains traction
Israeli carrier El Al made a pre-tax loss of $90 million for the first half of the year, although a tax gain pushed the airline into a net profit of $34 million. The airline generated revenues of nearly $799 million over the six months to 30 June. El Al says ...
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NewsSaudi Arabia opens airspace to all civil airlines including Israeli carriers
Saudi Arabian authorities have chosen to open the kingdom’s airspace to all civil carriers, including operators conducting services to and from Israel. The decision is a crucial step forward in the efforts to broaden Israeli-Arab links following the signing of the Abraham Accords in 2020. This agreement resulted in normalisation ...
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NewsEl Al resolves pilot dispute with new operations and salary pact
Israeli flag-carrier El Al has reached an agreement with its pilots aimed at settling a dispute over salaries which has caused disruption to the airline’s operations for several weeks. El Al says the agreement – signed by its pilot committee as well as the trade union centre Histadrut – will ...
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NewsEl Al strives to settle labour dispute with cockpit crews
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 ...
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NewsEl Al to continue Arkia merger talks despite exclusivity period ending
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 ...
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NewsEl Al formally signs for $130m loan against its loyalty programme
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 ...
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AnalysisAirline CEO changes in 2022 dominated by appointment of women and upheaval in India
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
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NewsEl Al tries to stem pilot disruption as it copes with recovery demand surge
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 ...
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NewsEl Al prepares for share issue and finalisation of loyalty loan
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 ...
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NewsRecovering El Al looks towards profitability next year
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 ...
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NewsIsrael’s El Al appoints first female chief executive
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 ...
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AnalysisMore airlines able to look forward with confidence about recovery
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.
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NewsEl Al chief executive Soreq quits to lead former US employer
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 ...
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NewsEl Al seals Moroccan codeshare after RAM opens Tel Aviv link
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 ...
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NewsEl Al agrees $130m loan against frequent-flyer programme
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. ...
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NewsEl Al turns in full-year net loss of over $400m
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 ...
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NewsEl Al given more time to conclude loyalty-scheme sale
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 ...
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NewsEl Al looks to exploit assets in order to strengthen financial position
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 ...