El Al reports record quarterly profits as international airlines cancel services

Israel’s national airline El Al reports record profits in the second quarter of 2024, as it is one of the few companies still flying to and from Israel, with several international firms canceling their Israel services due to the ongoing war in Gaza and spiraling regional tensions.

El Al says it earned $147.4 million in profits, compared to the first quarter, when it earned $80.5 million.

The company has upped its prices.

Kan reporter Shaul Amsterdamski writes on X that he invited El Al CEO Dina Ben Tal Ganancia to speak about the record-breaking profits on his evening radio program, but the company rebuffed him, saying it was not giving interviews.

“I asked why. They responded that it was what was decided. They know how to charge crazy prizes. They know how to speak off-record. To speak on record to the public, that’s a no,” he writes.