|Bid||94.90 x 100|
|Ask||95.10 x 23038500|
|Day's Range||92.00 - 95.30|
|52 Week Range||74.60 - 258.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.50|
"During the second quarter of 2018, EL Al recorded an increase in revenues compared to the second quarter of 2017, while coping with the challenges and the intensified and increased competition posed by foreign airlines, in particular low cost airlines. During the second quarter of 2018, the Company dealt, among others, with the sharp increase in fuel prices, which was the main reason for the increase in expenses in the second quarter of the year.
The company adapts the trend prevailing among most of the world's leading airlines, by changing the compensation model between airlines and travel agents, and will move to a new model in which no base commission will be paid to agents, which currently stands at 5% in Israel and a variable percentage in countries where it operates, as of June 1st 2019. As part of the Company's decision to accelerate the optimization process of all wide-body aircraft and in order to enhance customer service and becoming more efficient with the renewal of the Dreamliner fleet, the Company is currently engaged in scheduling the early removal 767 fleet from service by the end of 2018 instead of 2020. In April 2018 the Company started selling flight tickets to destinations in Europe based on the new model, which allows Economy Class passengers to choose from three types of flight product packages at various prices, tailored to their needs.
El Al Israel Airlines on Tuesday reported a bigger loss in the first quarter, reflecting the impact of higher jet fuel and salary costs and a further deterioration in market share. Israel's flag carrier has met with stiff competition from rivals including Turkish Airlines, Aeroflot, easyJet and WizzAir, which offer lower fares on routes to Israel even though some flights require a stopover. During the quarter, El Al's market share at Tel Aviv's Ben-Gurion airport slipped to 27.5 percent from 32.3 percent a year earlier, but the airline remained the market leader.
Some major airlines were re-routing flights on Wednesday after Europe's air traffic control agency warned aircraft flying in the eastern Mediterranean to exercise caution due to possible air strikes into Syria. Eurocontrol said in a notification published on Tuesday afternoon that air-to-ground and cruise missiles could be used over the following 72 hours and there was a possibility of intermittent disruption to radio navigation equipment.
The Company's market-share of passenger traffic at Ben-Gurion Airport in 2017 stood at approx. 28.5% compared to approx. 32.6% in the previous year, due to the sharp increase of about 16% in passenger traffic at Ben Gurion Airport, higher than the rate of growth of EL Al's operations at the Airport, which recorded an increase of 2.4% and amounted to approx. USD 5.6 million passengers. Operating expenses in 2017 increased by approx. USD 110 million compared to 2016, inter alia, as a result of an increase in payroll expenses, affected by the strengthening of the shekel against the dollar, wages agreements and a provision for bonuses in respect of the previous year.
As Saudi Arabia opened its airspace for the first time to a commercial flight to Israel, El Al (ELAL.TA) will take its own fight for access to Saudi airspace to the Supreme Court in Israel, officials said on Friday. The historic Air India flight on Thursday ended a 70-year flyover ban for jetliners en route to or from Israel, in what many have taken to be a sign of thawing ties between Israel and Saudi.
El Al Israel Airlines (ELAL.TA) reported higher fourth-quarter losses on Wednesday, citing increased salary and jet fuel expenses and as its market share continued to erode in the face of intensifying competition. Israel's flag carrier has met with stiff competition from rivals including Turkish Airlines, Aeroflot (AFLT.MM), easyJet (EZJ.L) and WizzAir (WIZZ.L), which offer lower fares even though some flights require a layover. Revenue grew by 11 percent to $512 million, but this was more than offset by a 17 percent rise in expenses, mainly from salaries and jet fuel.
El Al Israel Airlines reported higher fourth-quarter losses on Wednesday, citing increased salary and jet fuel expenses and as its market share continued to erode in the face of intensifying competition. Israel's flag carrier has met with stiff competition from rivals including Turkish Airlines, Aeroflot, easyJet and WizzAir, which offer lower fares even though some flights require a layover. Revenue grew by 11 percent to $512 million, but this was more than offset by a 17 percent rise in expenses, mainly from salaries and jet fuel.
Saudi Arabia has given Air India permission to fly between New Delhi and Tel Aviv over Saudi airspace, the airline's spokesman told Reuters on Wednesday, ending a 70-year ban and marking a diplomatic shift. Saudi Arabia does not recognise Israel and lifting the airspace ban would reflect what appears to be thawing ties between Israel and the kingdom. India and Israel have built close ties over the years away from the public eye, largely centred on arms purchases.
El Al Israel Airlines asked the global aviation regulator to help it secure rights to fly over Saudi Arabia, which would reduce flight times and costs for the Israeli carrier.
Israel's flag carrier El Al (ELAL.TA) has asked an airline industry lobby group to help it access Saudi Arabian airspace, so it can compete with Air India's [AIN.UL] planned route between India and Israel. The request came in a letter on Wednesday from El Al's chief executive to the International Air Transport Association (IATA), in which he said he has also approached Israel's prime minister.
Cockpit Innovation, the venture fund of El Al Israel Airlines (ELAL.TA), said on Wednesday it had formed a strategic partnership with Boeing Co that will include an investment in Cockpit (BA.N). Cockpit and Boeing will seek to develop technologies that could play a role in the future of travel, aviation and aerospace, including Boeing’s products, Cockpit said.
JERUSALEM/NEW DELHI, Feb 7 (Reuters) - Air India said on Wednesday it plans to begin direct flights to Israel and has proposed they pass through Saudi airspace, a route so far off-limits to Israel-bound commercial planes. Saudi Arabia does not recognise Israel and lifting the 70-year-old airspace ban would reflect what appears to be thawing ties between Israel and the kingdom, both U.S. allies with a shared concern over Iranian influence in the region.
El Al Israel Airlines said on Wednesday it will begin nonstop flights between Tel Aviv and San Francisco in the fourth quarter, as it continues to expand into North America. El Al, Israel's flag carrier, said it will fly the route three times a week using new Boeing 787 Dreamliner aircraft. It will compete with United, which launched flights between the two cities in 2016 to accommodate Israel's flourishing high-tech sector.
Pascal Cohen won’t fly El Al Israel Airlines unless he has to. His flight to Moscow last year was delayed for seven hours because the pilots, embroiled in a labor dispute, didn’t show. He struggled in ...
The Company's cash balances and deposits as of September 30, 2017 totaled approx. USD 289 million. At the same time, we are working on developing additional growth engines and strengthening existing ones.
El Al Israel Airlines Chief Executive David Maimon plans to step down after four years in the job, the company said on Tuesday. The Israel flag carrier did not provide a specific date for his departure. ...
El Al Israel Airlines took delivery of its first Boeing 787 Dreamliner aircraft on Wednesday in a $1.25 billion investment aimed at renewing its long-range fleet, halting a drop in its market share and winning back business customers. In all, Israel's flag carrier will receive 16 787-8 and 787-9 planes -- both bought and leased -- by 2020.