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El Al reports record profits in 2024, boosted by high travel demand and regional conflicts.
El Al, Israel's national airline, reported record-breaking profits in 2024, with a 4.7-fold increase to $545 million and a 37% revenue rise to $3.4 billion, driven by high travel demand due to regional conflicts that forced foreign airlines to suspend flights to Israel.
Despite a 14% increase in average ticket prices, El Al's market share surged to 90% on US routes, and the company reduced its net debt to $75 million.
The airline also distributed a $104 million bonus pool to employees.
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El Al reporta ganancias récord en 2024, impulsadas por la alta demanda de viajes y los conflictos regionales.