El Al Reports Record Revenue Amidst Industry Losses
Translated & summarized from NEWSru Israel by baba
El Al Israel Airlines reported a record third-quarter revenue of $1.27 billion for 2026, an 18% increase year-over-year. Net profit fell 14% to $175 million due to one-time expenses, though operating profit rose 3%. The airline will pay $116 million in dividends, with the controlling Rosenberg family receiving $52 million. Meanwhile, competitors Israir and Arkia are reportedly operating at a loss.
The story in 5 lines · by baba
- El Al achieved record third-quarter revenue of $1.27 billion in 2026, an 18% increase.
- Net profit for El Al decreased by 14% to $175 million due to one-time expenses.
- El Al will distribute approximately $116 million in dividends, its second payout this year.
- The controlling Rosenberg family will receive about $52 million from the dividend distribution.
- Competitors Israir and Arkia are reportedly incurring losses, with Israir negotiating to buy Arkia.
El Al Israel Airlines announced record revenue for the third quarter of 2026, reaching $1.27 billion, an 18% increase from $1.07 billion in the same period last year. Despite the revenue growth, net profit decreased by 14% to $175 million, down from $203 million a year prior. This decline is attributed primarily to one-time expenses of approximately $24 million related to option revaluations. Operating profit before depreciation, amortization, and lease payments rose by 3% to $367 million, even as fuel price hikes and currency fluctuations added about $135 million to the company's costs. The airline saw a 9% increase in offered seats, with load factors remaining strong at around 95%. El Al's order backlog is valued at approximately $1 billion. The company plans to distribute dividends totaling about $116 million, marking the second payout this year. Previously, $106 million in dividends were paid in January, the first since 2017. The controlling Rosenberg family, holding about 45% of the shares, is set to receive approximately $52 million.
In contrast to El Al's performance, competitors are experiencing financial difficulties. Israir reported losses for the first half of the year, citing the conflict with Iran, a strengthening shekel, and rising fuel costs. Arkia, which does not publicly disclose its financial reports, is also estimated by the economic press to be operating at a loss. Amidst these challenges, Israir is reportedly in negotiations to acquire Arkia.
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