All El Al articles – Page 2
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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 ...
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NewsIsrael’s El Al receives long-deferred final 787-8
Israeli flag-carrier El Al has finally taken delivery of the last Boeing 787 from its original order, bringing its fleet of the twinjets to 16. The aircraft is s 787-8 variant (4X-ERD) and arrived in Tel Aviv from Seattle on 31 July. It was subsequently put into operation on routes ...
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NewsEl Al faces potential $40m claim over pricing of group bookings
Israeli flag-carrier El Al has disclosed that it is facing potential legal action centred on claims that its ticketing system unfairly charged higher fares for multiple purchases. El Al says the class action – which features a damage calculation of 147 million shekels ($40 million) – has been filed with ...
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NewsEl Al would have avenue to SkyTeam membership under Delta co-operation pact
Israeli flag-carrier El Al could potentially join the SkyTeam alliance with Delta Air Lines’ support, following a strategic co-operation agreement sealed between the two airlines. El Al and Delta will implement reciprocal codeshares and loyalty benefits as part of the tie-up, which is intended to offer more convenient connections between ...
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NewsIsrael’s El Al expands 787 fleet with lease of another pair
Israeli flag-carrier El Al has reached a lease agreement with Irish-based AerCap covering a pair of Boeing 787-9s. The aircraft will be delivered to the airline in the second quarter of 2025 and the first quarter of 2026. The carrier says the lease period is 15 years. El Al’s lease ...
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NewsEl Al secures regulatory clearance to operate all-cargo aircraft
El Al has secured regulatory approval to operate dedicated freighters from the Israeli civil aviation authority, as it awaits its first converted aircraft. The extension to its commercial licence gives the airline the right to transport freight using all-cargo aircraft until 5 June next year. El Al had disclosed last ...
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NewsEl Al 737 freighter introduction held up by regulatory hitch
Israel’s El Al is yet to introduce the Boeing 737-800 freighter it had been planning to use from April, owing to a regulatory issue. The airline signed an agreement in February this year to dry-lease the aircraft which had recently been converted from passenger to cargo configuration. But El Al ...
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NewsEl Al includes Airbus in request for single-aisle fleet-renewal proposals
Israeli flag-carrier El Al has included Airbus in a request for proposals to replace single-aisle aircraft from 2025, while incumbent Boeing as well as engine manufacturers have also been contacted for the campaign. El Al is looking to modernise its single-aisle fleet – currently exclusively comprising 24 Boeing 737-800s and ...
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NewsEl Al ties up with travel specialist to create tourism joint-venture company
Israeli flag-carrier El Al is aiming to establish a joint-venture company specialising in tourism, in which it will hold a 40% share. The airline has reached a provisional agreement through which it will collaborate with Tel Aviv-based travel firm Issta, which would also have 40% of the venture. El Al ...
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NewsIsrael’s El Al names treasurer as new chief financial officer
Israeli flag-carrier El Al has named Yacov Shahar as the airline’s new chief financial officer, succeeding Yitzhak Eliav. El Al says it formally appointed him to the post on 24 April. Shahar has previously served a long tenure as the company’s treasurer. His background includes holding the position of chief ...
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NewsEl Al plots five-year fleet expansion including 737 replacement
Israeli flag-carrier El Al is considering options to increase its fleet by up to 13 aircraft to keep up with its targets for passenger traffic and market share over the next five years. It is aiming to align the expansion with plans to replace its older Boeing 737 jets from ...
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NewsIsrael’s El Al returns to full-year profit
Israeli flag-carrier El Al has generated a full-year operating profit of $113 million, and ended the period with a net surplus of $109 million. The airline says it achieved a fourth-quarter net profit – a figure of $8.5 million – for the first time since 2015, although it points out ...
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NewsEl Al 787 cuts flight time to Thailand with Saudi-Omani transit
El Al has conducted its first flight through Saudi Arabian and Omani airspace since recent agreements lifted restrictions on transit by Israeli carriers. The airline operated its LY083 service from Tel Aviv to Bangkok on 26 February, using a Boeing 787-9 – a flight which took about 7h 30min. Its ...