El Al's profit fell 14% in the quarter; will distribute a huge dividend

El Al reports a 14% drop in quarterly profit to $172.2 million, alongside an 18% increase in revenue to $1.27 billion. The company announces an additional dividend of $116.2 million and will enter the TA-35 index for the first time this evening.

El Al published its results for the third quarter of 2026, reporting a 14% decline in net profit to $172.2 million, despite an 18% increase in revenue to $1.27 billion. Concurrently, the company announced an additional dividend distribution of $116.2 million, following a first dividend since 2017 of $106 million distributed in January. El Al is traded at a market cap of NIS 11.3 billion, after a 588% surge over the past three years. This evening, the company will enter the TA-35 index for the first time in its history, after competing with Energix for the promotion slot. However, the company is expected to face offerings of over NIS 300 million due to the upgrade.