El Al posts huge profit surge
Israel flagship carrier El Al has seen a huge jump in Q3 profits with few major competitors still flying to Israel.
It reported a mammoth 260% increase in its third-quarter profit.
It reported earnings of $187 million from July to September, up from $52 million over the same period a year ago.
It has a near-monopoly on many routes as many foreign airlines have still suspended flights due to the Gaza and Lebanon conflicts.
Revenue during the quarter was up by 43%.
El Al’s load factor was also significantly up from 88% last year to 94%.
Since October 2023, many major international airlines, have suspended Israel flights.
There is very little competition from the US and western Europe for El Al although there are competing services from the Gulf and eastern Europe.
The airline has been accused of price gouging which it denies and has responded by imposing price caps on some routes such as Athens and Dubai.
Related News Stories: SkyTeam Airline Alliance | Official Website Air India drops Tel Aviv flights United orders SAF for Chicago flights Universal Orlando Resort - TravelMole Partner News - TravelMole
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026