Israeli airline El Al is reporting a particularly strong first quarter for 2025, with impressive results. According to company data, revenue for the quarter reached $774 million—an increase of 5% compared to the same period last year. Net profit rose to $96 million, marking a 19% jump.
El Al currently holds a 44% market share of flights departing from Israel and more than 90% of those bound for North America. These gains are largely due to restrictions still affecting foreign airlines, many of which have continued to operate on a limited basis due to the security situation.
An Optimistic Forecast – Despite the Challenges
The second quarter began with a partial return of foreign airlines. However, a missile launch from Yemen toward Israel in May 2025 led several carriers to cancel or delay flights. El Al expects this to translate into sustained high demand and strong occupancy rates, while maintaining revenue per seat at levels similar to last year.
Profits Also Reaching Investors
El Al’s controlling owner, Kenny Rozenberg—who acquired the airline during the COVID-19 pandemic—is now seeing a significant return on his investment. Rozenberg invested approximately 800 million shekels in El Al; that stake is now worth around 3.1 billion shekels, a gain of 2.3 billion.
In 2024, El Al posted record annual revenues of roughly $3.4 billion and a net profit of about $545 million. The company has set a goal to reach over $4 billion in revenue by 2030.
