May 21, 2026
El Al Airlines lost money for the first time in three years.
תמונת אילוסטרציה: chatgpt
El Al Airlines published its financial reports for the first quarter of 2026.
The company lost 66 million dollars.
This is the first time since 2023 that El Al ends a quarter with a loss.
The main reason for the loss is the war with Iran.
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During Operation Lion's Roar, Israel's airspace was closed. It remained closed for 40 days. El Al almost completely halted its flights. It moved planes abroad to protect them.
The company's revenues dropped significantly. In the first quarter of the year, El Al earned 562 million dollars. Last year, during the same period, the company earned 773 million dollars.
Despite the losses, El Al gradually resumed operations after the skies reopened in April. The company is now trying to deal with the economic damage it suffered.