El Al Posts $132 Million Profit in Q2 2026 Despite Security Operation Losses
Israeli airline El Al reported a net profit of $132 million in the second quarter of 2026, nearly doubling its $66 million profit from the same period last year. The company's revenues rose 27% year-over-year to $986 million, equating to nearly 3 billion shekels from ticket sales and additional services within just three months.
The airline's operational capacity also increased, with a 9% rise in available seats and an average occupancy rate of 90%. Although April saw a dip due to security restrictions, by June, seat occupancy reached approximately 94%.
El Al acknowledged that the security operation "Roar of the Lion" caused a loss of about $55 million in Q2, adding to a $90 million loss recorded in Q1. Despite these setbacks, strong demand and higher ticket prices helped sustain revenue and profit growth.
Furthermore, El Al's booking backlog reached $1.4 billion by the end of June, a 20% increase from the previous year. The company anticipates expanding seat availability by 6% to 10% in the third quarter of 2026.
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