All El Al articles
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NewsIsrael’s El Al to hold exclusive talks on acquiring around 30 737 Max jets
Israeli flag-carrier El Al is entering exclusive negotiations with Boeing and lessors with a view to acquiring around 30 737 Max jets.
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NewsVirgin entering codeshares with future SkyTeam member SAS plus El Al and Saudia
SkyTeam carrier Virgin Atlantic has identified the alliance’s newly-recruited Scandinavian operator SAS as a new codeshare partner, and has unveiled codeshares with Middle Eastern airlines El Al and Saudia.
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NewsEl Al backtracks on tourism venture as Gaza conflict persists
Israeli flag-carrier El Al has temporarily halted plans to establish a joint tourism company, owing to circumstances including the Gaza conflict. The airline had disclosed last year that it was entering a pact with travel company Issta to establish a tourism and holiday joint venture. But El Al states, in ...
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NewsEffects of conflict behind unusually-strong El Al first-quarter performance
Israeli flag-carrier El Al believes traffic changes arising from the Gaza conflict have resulted in uncharacteristic winter demand for its services, and a unusually strong first-quarter performance.
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NewsLegal claim over El Al group-booking price hike rejected
El Al states that a class action which accused the Israeli flag-carrier’s ticketing system of unfairly charging higher fares has been rejected in a legal judgement.
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NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...
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NewsEl Al considers raising funds through offer of securities
Israeli carrier El Al is considering carrying out a fundraising exercise through a public offering of securities. The airline has not stated the quantity of capital it aims to obtain, and it has not given a timeline. Controlling shareholder Kanfei Nesharim has informed the carrier that it intends to participate ...
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NewsIsrael’s El Al tentatively signs for up to nine more 787s
Israeli flag-carrier El Al has disclosed a preliminary agreement to purchase three more Boeing 787-9s, with options for another six. The airline says that the three aircraft would be delivered in 2029 and 2030. El Al adds that the optioned 787s, should they be taken up, would arrive from 2030 ...
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NewsDelta to revive flights to Tel Aviv amid ongoing Israel-Hamas conflict
Major US carrier Delta Air Lines plans to revive daily flights to Tel Aviv from New York this summer, becoming the latest airline to indicate interest in resuming operations amid the war between Israel and Hamas.
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NewsEl Al in talks for more 787s while narrowbody renewal decision nears
Israeli flag-carrier El Al is negotiating with Boeing for the acquisition of three more 787s, with an option for six additional aircraft.
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NewsEl Al defies impact of Gaza conflict to post fourth-quarter and full-year profits
Israeli flag-carrier El Al has fended off the impact of the Gaza conflict, posting a full-year pre-tax profit of $125 million, and a net of $117 million, after experiencing a strong fourth quarter. El Al generated full-year revenues of $2.5 billion, a rise of 26%, while operating expenses only increased ...
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NewsIsrael’s El Al prepares to suspend flights to Johannesburg
Israeli flag-carrier El Al is to suspend services to Johannesburg, citing a reduction in traffic in the months since the Gaza conflict began.
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NewsEl Al more optimistic on fourth-quarter performance despite conflict
Israeli flag-carrier El Al believes its fourth-quarter results will not be as badly affected as previously estimated, despite the impact of the Gaza conflict. El Al has taken various commercial, financial and operational measures to address the effects of the conflict which began in early October. But it states that ...
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NewsEl Al firms tourism joint-venture with travel company Issta
Israeli flag-carrier El Al has firmed its agreement with travel company Issta following their tentative deal to establish a tourism and package-holiday joint venture. El Al says it will hold 60% of the new subsidiary’s shares while Issta takes the 40% balance. The venture will develop, market and sell tourism ...
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NewsEl Al takes steps to mitigate conflict impact after profitable third quarter
Israeli flag-carrier El Al expects a 5-10% reduction in capacity over the fourth quarter, as a result of the Gaza conflict, and a fall in load factor, but it has yet to estimate the impact on the first quarter of next year. El Al says it experienced initial high demand ...
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NewsEl Al introduces 737 freighter as conflict disrupts passenger operations
El Al is expecting that the negative impact of the Israel-Gaza conflict is likely to persist into the first quarter of 2024. The flag-carrier states that there has been a decline in the demand in future flights as a result of the month-old conflict. El Al says it has increased ...
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NewsEl Al unable yet to estimate financial hit from war
Israeli flag carrier El Al has warned of a negative impact on its results for the fourth quarter as a result of the security situation in the country but is not yet able to estimate the full scope of the financial hit.
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NewsCourt rejects damages claim over Israeli airlines’ security levy
Israeli flag-carrier El Al, and other operators, have fended off a legal claim for damages over a security levy collected by the airlines as part of their fares. Two class-action claims filed with the central district court – one against El Al and a second against several Israeli airlines – ...
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NewsIsrael’s El Al starts services with first reconfigured 777-200ER
Israeli flag-carrier El Al has restored to service the first Boeing 777-200ER to be reconfigured with an interior similar to its 787 fleet. The initial aircraft began operating in August, the airline has disclosed. It has six 777s and plans to reconfigure the cabins of four of them. El Al ...
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NewsEl Al claims highest second-quarter profit since privatisation
Israeli flag-carrier El Al has turned in the highest second-quarter pre-tax profit since the company’s privatisation two decades ago. El Al states that it achieved a pre-tax profit of $58.8 million for the three months to 30 June, based on revenues of just under $630 million. The revenue figure rose ...