El Al Reports Impressive Gains in Air Travel
El Al reported a twofold increase in net profit for the second quarter of 2026, reaching $132 million compared to $66 million a year earlier. Revenue rose from $777 million to $986 million. Despite a $55 million loss due to the conflict with Iran, the company benefited from its monopoly position after the ceasefire, as foreign airlines have not resumed flights. Advance bookings exceeded $1.4 billion, and the airline plans to increase capacity by 10%.
El Al Airlines announced a twofold increase in net profit for the second quarter of 2026, reaching $132 million compared to $66 million in the same period last year. Total quarterly revenue grew from $777 million to $986 million. Chief Financial Officer Gil Feldman highlighted the company's solid balance sheet and high liquidity. Despite a $55 million loss due to the conflict with Iran that began in late February and the closure of airspace, after the April ceasefire most foreign airlines have not resumed flights, allowing El Al to solidify its monopoly position on key routes. Advance bookings exceeded $1.4 billion. In the third quarter, the company plans to increase passenger capacity by 10%, adding two Boeing 737s and returning a Boeing 777 to service. Average seat occupancy was 90%, compared to 92% last year.