El Al once more reviews report income
El Al Israel Airways Ltd. (TASE:ELAL) has reported internet revenue of $203 million within the third quarter of 2025, up 8% from $187 million within the corresponding quarter of 2024 and a brand new report.
The upper revenue was achieved regardless of the return of overseas airways to Ben Gurion airport and the discount of El Al’s market share in passenger visitors, with the decline in market share anticipated to proceed. There are actually about 60 airways working at Ben Gurion airport, in contrast with solely 20 in November 2024, and El Al’s market share has fallen to about 35.9%. Nevertheless, the rationale for the advance in outcomes is that in absolute phrases, El Al flew extra passengers within the third quarter than within the second quarter (a rise of 6%-10% in every of the months of the third quarter).
Management of routes to North America continued, however is declining
El Al’s decline in share is mirrored each in passenger visitors in Europe (all the way down to 34% from 38%) and within the Center East (down to six% from 7%) and even in flights to North America (all the way down to 72% from 86%); Regardless of this, El Al nonetheless holds nearly three-quarters of transatlantic flights (to North America), the place fares continued to climb within the third quarter, significantly serving to the corporate’s profitability. As well as, El Al’s share of routes to East Asia rose to 73% in contrast with 71% final yr).
El Al’s income additionally continued to climb within the third quarter to $1.07 billion, up 7% from the corresponding quarter of 2024. Nevertheless, the corporate’s working revenue (EBITDAR) remained flat, at $357 million, much like final yr.
El Al additionally reviews that airfares continued to rise on common within the final quarter, in order that income per weighted seat kilometer (RASK) rose 4.2% from the corresponding quarter, “On account of a rise within the fee of return per passenger kilometer (RRPK) by 2.6% and a rise within the occupancy fee.”
El Al already has a internet money surplus of $534 million, and, on the one hand, a monetary debt of $1.3 billion, however alternatively, money of over $1.8 billion.
The third quarter produced a powerful and satisfying monetary efficiency for outgoing CEO Dina Ben Tal Ganancia, who’s now being succeeded by Levy Halevy, till not too long ago CEO of bank card firm ICC-CAL.
Ben Tal Ganancia mentioned, “The third quarter of 2025 was additionally affected by a altering safety actuality, during which we skilled excessive demand for the corporate’s flights, with restricted provide at Ben Gurion Airport mixed with the excessive seasonal demand pattern of the summer season and vacation season.”
The outlook for the fourth quarter is optimistic
El Al forecasts that the fourth quarter of 2025 may also be sturdy, albeit barely much less so. “Within the firm’s evaluation, the return of overseas firms within the fourth quarter of 2025 is gradual, and subsequently the pattern of excessive demand for the group’s flights and excessive occupancy charges relative to seasonality will proceed, though with diminished depth relative to the pattern that prevailed within the fourth quarter of 2024.”
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El Al controlling shareholder Kenny Rozenberg and his son Eli, maintain 45.4% of the corporate’s shares price NIS 3.9 billion, by their firm Kanfei Nesharim Aviation. El Al’s inventory has jumped 94% for the reason that starting of the yr to a market cap of NIS 8.5 billion. Within the final three years, El Al’s inventory has risen 388%.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 11, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
