- Business
- El Al Israel Airlines Ltd. (ELAL.TA) operates as Israel's flag carrier airline, providing scheduled passenger, cargo, and charter flights from its hub at Ben Gurion International Airport near Lod, Israel, where it maintains headquarters; founded on November 15, 1948, the company serves nearly 50 destinations across Europe, North America, Asia, Africa, and the Middle East with an all-Boeing fleet that includes Boeing 737-800s, 737-900ERs, 777-200ERs, and 787-9 Dreamliners configured in multi-class layouts featuring economy, premium economy, and business class with lie-flat seats, touch-screen entertainment, and kosher meals exclusively; it also offers maintenance services, duty-free sales, kosher catering through subsidiaries like Borenstein Caterers and Tamam, loyalty programs, and tour packages via Superstar Holidays, while its charter subsidiary Sun d'Or deploys additional Boeing 737s for leisure routes. El Al Cargo handles freighter operations with a Boeing 737-800(BCF) and wet-leased widebodies for ad hoc global charters, primarily to Europe, the US, and Asia, alongside wet-leasing passenger and cargo aircraft for capacity needs. In recent developments, the airline finalized in August 2024 a landmark order for up to 31 Boeing 737 MAX jets to modernize its narrowbody fleet starting 2028, continues integrating Boeing 787-9 Dreamliners for enhanced long-haul efficiency and comfort, expanded US services in 2025 with 42 weekly flights to New York-JFK, Miami, Los Angeles, and Boston bolstered by strategic codeshare partnerships including Delta Air Lines for seamless connections, relaunched select domestic routes amid 2025 leadership changes such as appointing Gil Feldman as CFO, purchased a Boeing 777 for parts and a long-leased Boeing 737-800 outright in 2024-2025 while mulling widebody freighter additions and wet-leasing up to four more aircraft through 2030, and reported record 2024 net profits of $545 million driven by high load factors from competitors suspending Tel Aviv flights during regional conflicts.