All El Al articles
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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 ...
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NewsEl Al reaches agreement to acquire up to 31 737 Max jets
Israeli flag-carrier El Al has signed an agreement with Boeing covering the purchase of 20 737 Max jets, with options on a further 11. El Al had previously indicated in June that it was negotiating for around 30 Max jets to meet requirements for the single-aisle segment of its fleet-renewal ...
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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 ...
