Overview
- El Al posted about $1.27 billion in third-quarter revenue driven by higher capacity and strong passenger demand, with roughly 2.26 million paying passengers and an average 95% load factor.
- Quarterly net profit fell to $174.8 million, down about 13.7% from a year earlier after a one‑time negative revaluation of a phantom option plan and higher net financing expenses reduced earnings.
- Jet fuel costs surged, lifting the fuel bill roughly 68.7% to about $287.1 million and adding an estimated $135 million to input costs together with currency moves and rising staff expenses.
- The airline finished September with about $2.03 billion in liquid resources against roughly $1.12 billion of gross debt, announced a second 2026 dividend of about $116 million, and gained entry to the TA‑35 index.
- El Al expects fourth‑quarter capacity to rise 10–14% but warned that fuel-price swings, exchange‑rate moves, the return of foreign competitors, and regional military operations that cost the carrier an estimated $145 million year‑to‑date could further squeeze margins.