El Al VP: There is imbalance between supply and demand

Group 1: Industry Overview - The local aviation industry in Israel is beginning to stabilize, but global issues are expected to negatively impact the country [1] - There is a global imbalance between supply and demand in the aviation sector, with a significant shortage in the supply chain for aircraft and engines, leading to an estimated revenue loss of about $11 billion for companies [2] - The Israeli market is gradually returning to normal, with an increase in operating airlines at Ben Gurion Airport from 24 during the war to 60 currently, although some major airlines like Turkish Airlines and Ryanair are not returning [3] Group 2: Company Positioning - El Al Israel Airlines is advocating for equal regulatory treatment for foreign airlines like Wizz Air that wish to establish a hub in Israel, highlighting the challenges faced by Israeli companies in meeting security clearance requirements [4] - El Al has publicly stated that it did not exploit the war to raise ticket prices excessively, with an average price increase of only 16%, and emphasized the importance of overall service quality and flight convenience [5]