El Al profit fell 26% in 2025 despite record revenue
En.Globes.Co.Il·2026-02-25 07:38
El Al Israel Airlines Ltd. (TASE:ELAL) ended 2025 with net profit of $403.3 million. This was a 26% decline from 2024, as foreign airlines began to return to Israel, reduced El Al's market share. The strengthening of the shekel against the US dollar also hurt El Al's results, according to the company, reducing profit by $77 million. More importantly, the war with Iran six months ago wiped out about $100 million from El Al's results for that quarter, which was reflected in the results for the entire year. ...