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El Al stock keeps rising even as war winds down

The share price of El Al Israel Airlines has risen 40% over the past month, despite the war in Israel winding down. Investors are concerned that the stock's pricing is already too expensive, but El Al's market share at Ben Gurion airport is expected to shrink once the war ends. The delay in the return of foreign airlines to Israel is having a positive effect on El Al, especially on the profitable US routes where it currently enjoys a 90% market share. El Al is accumulating cash at a rapid rate and is considering business opportunities to expand its products and services for customers.

Original article source: https://en.globes.co.il/en/article-el-al-stock-keeps-rising-even-as-war-winds-down-1001499231
Source Id: 8497563518

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