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El Al airlines almost quintuples profit from 2023

El Al Israel Airlines posted record revenue and profits in 2024, almost quintupling its profit from the previous year. The airline earned a net profit of $545 million, with revenue totaling $3.4 billion. It also saw an increase in cash flow and shareholders' equity. El Al has set ambitious goals for the future, aiming for $4 billion in revenue by 2030 and a market share of 25% at Ben-Gurion Airport. Despite public criticism of fare hikes during the war, the company defends its pricing strategy and highlights its high seat occupancy.

Original article source: https://www.jpost.com/business-and-innovation/article-846024
Source Id: 8589051067

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