El Al net profits decline despite increased passenger traffic, record third-quarter revenue
The Jerusalem Post · ARIEL FEIGLIN ·
El Al also reported continued growth in its customer loyalty programs, with its frequent flyer club reaching 3.78 million members, up about 306,000 from the previous year.
Israeli flag carrier El Al reported record revenue for the third quarter of 2026 on Thursday, but its net profit declined despite increased passenger traffic and strong demand for flights.
The results come as El Al joins the TA-35 Index, which tracks 35 of the largest companies listed on the Tel Aviv Stock Exchange. The airline has been at the center of public debate in Israel in recent years, facing criticism over high ticket prices while earning praise for maintaining flights during wartime.
El Al reported a net profit of $175 million for the third quarter, down approximately 14% from $203 million during the same period last year. Revenue, meanwhile, rose 18% to a record $1.27 billion, reflecting increased activity even as the airline's overall profitability declined.
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