El Al, Record Quarter

Record quarter: El Al's profits jumped to 147 million dollars 

The effect of the war: the profits of the Israeli airline jumped 2.5 times compared to the corresponding quarter last year.

El Al (Photo: Arnold Aaron/ Shutterstock)

El Al finished another excellent quarter against the background of the small number of international airlines operating in Israel in the shadow of the war. The net profit amounted to 147 million dollars in the second quarter of this year, a jump of 2.5 times compared to 59 million dollars in the corresponding quarter last year.

The record quarter is due to the airline operating almost alone on profitable routes such as London and the USA, and sharply raises ticket prices that reach up to $3,000 for a ticket to New York and about $9,000 in business class.

Revenues amounted to 839 million dollars, a growth of 33% compared to the corresponding quarter last year. The record occupancy of flights (92%) continues. Even though the prices are at their peak, there are no tickets left for August to the USA, except for last minute cancellations.

* Ynet contributed to this article.

El Al USA

Comments

Do not send comments that include inflammatory words, defamation and content that exceeds the limit of good taste.

The comment was sent successfully.
Soon the response will be examined by our editors and if it is found to be correct it will be published on the website.
The comment was sent successfully.
Soon the response will be examined by our editors and if it is found to be correct it will be published on the website.


UN, Anti Israel, Arms embargo, Gaza war

UN's major move against Israel, all there is to know
Eliana Fleming | 18.09.24

Cabinet decision, Israel at War, Netanyahu, Gallant

Cabinet Decision on the Northern Campaign Amid Conflict Between Netanyahu and Gallant
Eliana Fleming, JFeed Staff | 18.09.24

Walkie talkie pager explosions, Lebanese militants evacuated

Collapse in Lebanon: Dozens of Militants Evacuated for Treatment in Iran
Eliana Fleming, JFeed Staff | 18.09.24

Netanyahu, Mossad meeting, Lebanon explosion

Covert Moves: Netanyahu Seen Leaving Mossad Headquarters
Eliana Fleming, JFeed Staff | 18.09.24

Liberman, War with Lebanon, Walkie Talkie explosions

Liberman on the Explosions in Lebanon: "We Can't Stop Midway; We Must See It Through"
Eliana Fleming, JFeed Staff | 18.09.24

walkie talkie explosion, Lebanon attack, Hezbollah pagers

On the Brink of War? Hezbollah Expels UN from Lebanon
Eliana Fleming, JFeed Staff | 18.09.24

Netanyahu briefing, Israel's security situation

Amid Tensions in the North: Netanyahu to Attend Foreign Affairs and Security Committee Discussion
Eliana Fleming, JFeed Staff | 18.09.24

IDF, Hezbollah, Lebanon

IDF to Hezbollah: There's a lot more where that came from, pal
1
| Avi Woolf | 18.09.24