After two years very strong, Israel Airways Ltd. (level:Elal)) It was brought to the ground by the Iran war in June when Israel was closed for two weeks and the number of flights was reduced by 40 %. As a result, the profit of the second quarter of the quarter reached $ 65.9 million, a decrease of 55 % from 147.4 million dollars in the corresponding quarter of 2024.
Related articles
CEO of EL to leave with NIS 20M in the pocket
El Al Al Alk is to avoid compensation for the passengers
Revenue and profit El continue climbing
El Al Alalat flights after 10 years of flights
Al -Al -Al -Al -Iran estimates that Iran reduced profits by $ 100 million, but for the war, the results of the second quarter were similar to the corresponding quarter of last year. In April and May, EL Ally stated that there was a 14 % increase in the number of passengers compared to the corresponding period of 2024.
“Because of the closure of the airspace at Ben Gurion Airport and the cessation of regular airline services for the group after the operation, the ASS, which was measuring the ability of flying to carry the passenger, was almost 40 % less than the same month in the past year, and in the quarter there was a decrease in the quarter of the group by 2.7 % compared to.”
EL Ally is estimated that the seat supply will increase 3.1 % in the third quarter
Since the beginning of July, it has been reported to be reported to grow in renewed activity, albeit slight. The airline said: “Near the date of approval of the report, the group witnessed a recovery process that began shortly after the resumption of scheduled flights at Ben Gurion Airport, which is reflected in the growing demand for the group flights and high occupancy rates. The company can continue that this trend will continue during the second half of the year 2025, and in the third quarter of the year.” EL estimates that the seat supply in the third quarter will increase by 3.1 % compared to the quarter -opposite last year.
The company has not yet announced who will replace CEO Dina Ben Tall-Genesia, after it recently announced that it was stepped down.
The Revenue of the second quarter decreased by 7 % to 777 million dollars, and the company’s operating profits (Ebitdar) decreased by 36 % to 179 million dollars, and the cash flow of the EL AL decreased to 351 million dollars, a decrease of 11 %.
It was published by Globes, Israel Business News – En.globes.co.il – on August 28, 2025.
© Copy Publish Publisher Itonut (1983) Ltd. , 2025.
The post Iran war cuts deep into El Al’s profit first appeared on Investorempires.com.
