El Al Israel Airways Ltd. (TASE:ELAL), managed by CEO Dina Ben-Tal Ganancia was amongst corporations “benefiting” from the lengthy struggle because of the big earnings it recorded as one of many solely airways persevering with to fly to Ben Gurion airport. However the newest escalation with Iran has successfully hermetically closed Israel’s skies, which may result in an unknown interval of sharp decline within the firm’s income.
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Thus, El Al’s share worth is presently down about 3.5%, whereas earlier in buying and selling at this time it was down greater than 6%, with a market cap of NIS 7.2 billion. Up to now yr, the inventory has jumped by 230%. Shares of smaller Israeli provider Israir Group (TASE: ISRAG), managed by Uri Sirkis, are down about 1.5%, after rising by greater than 70% up to now yr. The market cap of Israir, managed by Rami Levy, is NIS 610 million.
Civil Aviation Authority director normal Shmuel Zakay informed “Globes” over the weekend that the operation to repatriate tens of hundreds of Israelis stranded overseas will take weeks, and he promised that “everybody will return house, it is only a matter of time.” It additionally grew to become clear from the interview with Zakay that the plane fleets of each Israel and international airways was not at Ben Gurion Airport when the marketing campaign started – with superior and secret planning.
On the TASE, buyers have been much less receptive to the message rising from discussions that Ben Gurion airport could also be closed for a substantial interval, probably a number of weeks. Even when international airways delay their return to Israel, El Al is already working at full capability and won’t actually have the ability to fly extra Israelis and revenue from the scenario.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on June 15, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
