El Al Reports Record Revenues and Dividend Payout
Translated & summarized from Ice by baba
Israeli airline El Al reported record revenues and strong operational performance for the third quarter of 2026. The company's revenues for the first nine months of the year reached nearly $2.7 billion, with Europe being its largest market. El Al also announced a dividend payout of approximately $116 million and its inclusion in the Tel Aviv 35 index.
The story in 5 lines · by baba
- El Al reported record revenues of nearly $2.7 billion for the first nine months of 2026.
- The airline declared a dividend payout of approximately $116 million.
- El Al was added to the Tel Aviv 35 index, a major stock market milestone.
- European routes were the largest and fastest-growing market, generating $1.266 billion.
- Cargo operations also saw significant growth, with dedicated freighters earning $76 million.
Israeli airline El Al concluded the third quarter of 2026 with record-breaking financial and operational results. The company announced all-time high revenues, strengthened its financial stability, and declared a dividend distribution of approximately $116 million, the second such payout this year. El Al also achieved a significant milestone by being included in the Tel Aviv 35 index, the benchmark index of the Israeli stock exchange.
For the first nine months of 2026, El Al's passenger and cargo revenues reached approximately $2.696 billion, a 5.68% increase from the $2.551 billion reported in the same period of 2025. This growth of about $145 million reflects sustained high demand for the company's services. The majority of El Al's business, approximately 87.24%, is generated from operations in Europe and the United States.
Europe emerged as El Al's largest and fastest-growing market, contributing $1.266 billion (46.96% of total revenue), an increase of 7.47% from the previous year. The U.S. market generated $1.086 billion (40.28% of total revenue), showing a more modest 3.53% rise. Revenues from Asia and Africa combined amounted to $344 million (12.76%), up 6.17% year-over-year.
The third quarter specifically saw a sharp acceleration in European routes, with revenues soaring 19.92% to $614 million. Overall passenger and cargo revenues for the quarter reached $472 million, a 14.01% increase. Routes to Asia and Africa also performed well, with revenues growing 14.17% to $137 million in the third quarter.
El Al's cargo operations also experienced consistent expansion. Dedicated cargo planes generated $76 million in revenue for the first nine months, a 26.67% jump. Cargo carried in the bellies of passenger planes brought in $113 million, an 8.65% increase. The third quarter saw a significant 27.78% surge in revenue from belly cargo, reaching $46 million.
