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.

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