Revenue climbed 27% to $986 million, while net profit reached $132 million, almost double the same period last year. Even after taking a $55 million hit from the war, El Al continued to benefit from record demand as many international airlines reduced or suspended service to Israel. The airline said its planes were nearly full, with an average 90% occupancy during the quarter and **94% in June.
El Al also reported a record $1.4 billion in future flight bookings, giving the company strong visibility for the months ahead. Operating cash flow reached $359 million, and the airline ended the quarter with nearly $900 million in net cash, leaving it in one of the strongest financial positions in its history.
The airline continues to expand its fleet and expects to add even more capacity in the coming months. Its frequent flyer program has grown to 3.7 million members, while more than 514,000 customers now hold an El Al Fly Card. As many foreign airlines slowly return to Israel, investors will be watching to see whether El Al can maintain its strong momentum through the rest of the year.