El Al doubles second-quarter net profit
Israeli flag carrier El Al announced Wednesday that it more than doubled its second-quarter net profit, as it continues to dominate travel to and from Tel Aviv amid the fallout from the war with Iran.…
Assessment
El Al's profit surge reflects a market vacuum left by foreign carriers avoiding Tel Aviv, yet the carrier still absorbed $55 million in war-related losses, underscoring the cost of operating amid conflict. The 27 percent revenue jump signals pricing power from reduced competition, but sustainability depends on whether regional turbulence persists and rivals resume service.