Israel Airways Ltd. (level:Elal))CEO Dina Bin Tal Gansia was among the companies that “benefit” from the long war due to the huge profits recorded as one of the only airlines that continue to travel to Ben Gurion Airport. But the recent escalation with Iran has effectively closed the sky of Israel, which may lead to an unknown period of a sharp decrease in the company’s revenues.
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Consequently, the ELL share price currently decreased by about 3.5 %, while earlier in trading today more than 6 % decreased, with the maximum market for 7.2 billion NIS. Last year, the stock jumped by 230 %. The shares of ISRAIR, the smaller Israeli carrier (Tase: ISRAG), which is run by URi Sirkis, decreased around 1.5 %, after increasing more than 70 % last year. The market value of ISRAIR, which is controlled by Rami Levy, is 610 million New.
The Director General of the Civil Aviation Authority, Shmuel Zakai, told “Globes” during the weekend that the operation to return tens of thousands of Israeli ways abroad will take weeks, and promised that “everyone will return to their homes, it is just a matter of time.” It became also clear from the interview with Zakay that the aircraft fleets for both Israel and foreign airlines were not at Ben Gurion Airport when the campaign began – with advanced and secret planning.
On knowledge, investors have been less accepted for the message arising from discussions that might be closed for a long time, and perhaps several weeks. Even if foreign airlines delay their return to Israel, EL Al is already operating at full capacity and will not be really able to Israelis and profit from the situation.
It was published by Globes, Israel Business News – En.globes.co.il – on June 15, 2025.
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