Israel Airways Ltd. (Tase: Elal), which is controlled by Kenny Rozenberg (48 %) again provided strong financial results in the first quarter of 2025 due to its continued share in the dominant market at Ben Gurion airport (44 %), throughout the quarter, especially on its profitable roads to North America, where the market share exceeds 90 %.
In the first quarter of 2025, EL Al was 774 million dollars, an increase of 5 % compared to the corresponding quarter of 2024, and net 96 million dollars, an increase of 19 % over the corresponding quarter. Ebitdar was 213 million dollars, an increase of 9 %.
Upon expectations for the second quarter, El AL, “the gradual return on foreign airlines continued to Israel at the beginning of the second quarter of 2025, but during May 2025, to a missile attack on Israeli lands, which landed in the lands of Ben Gurion Airport, and thieves on flight operations by some algae to and to what it started, which led to an increase in demand.”
Consequently, El Al Al Al 2025 sees, completely or partially, is also characterized by the direction in which the seats at Ben Gurion Airport are limited with regard to demand. “Therefore, the company expects to continue to work at high occupancy rates, and in this way that the revenue rate is expected to be per kilometers available (RASK) is similar to the quarter -corresponding quarter last year.”
Meanwhile, El Al managed to collect large sums of money in her treasures. The big winner is the owner Kenny Rosenberg, who gained control during the Kofid pandemic. About 800 million NIS has invested in the airline, and is currently holding shares of 3.1 billion New, which is a profit “on paper” of 2.3 billion New.
EL A shares are traded with a market roof of 6.65 billion NIS – a 336 % jump over the past three years.
Inconscious financial results in 2024 and ambitious expectations for the coming years
In 2024, EL Al recorded record revenues of $ 3.4 billion, an increase of 37 % over 2023. EBITDAR (EBITDAR) reached $ 1.1 billion, twice the previous year. Net profit jumped 4.7 times and $ 545 million.
In its annual report, EL Al achieved an ambitious goal of $ 4 billion by 2030, based on a market share of 25 % of Ben Gurion Airport (7.6 million people) and about 4 million of the repeated loyalty club. The airline estimates that there will be a decrease in revenue in 2026 after the peak results of 2024.
It was published by Globes, Israel Business News – En.globes.co.il – on May 21, 2025.
© Copy Publish Publisher Itonut (1983) Ltd. , 2025.
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