El Al Israel Airways Ltd. (TASE:ELAL), managed by CEO Dina Ben-Tal Ganancia was amongst corporations “benefiting” from the lengthy battle as a result of enormous 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 value is presently down about 3.5%, whereas earlier in buying and selling immediately it was down greater than 6%, with a market cap of NIS 7.2 billion. Up to now 12 months, the inventory has jumped by 230%. Shares of smaller Israeli service Israir Group (TASE: ISRAG), managed by Uri Sirkis, are down about 1.5%, after rising by greater than 70% up to now 12 months. The market cap of Israir, managed by Rami Levy, is NIS 610 million.
Civil Aviation Authority director normal Shmuel Zakay advised “Globes” over the weekend that the operation to repatriate tens of 1000’s of Israelis stranded overseas will take weeks, and he promised that “everybody will return dwelling, 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 overseas 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, presumably a number of weeks. Even when overseas airways delay their return to Israel, El Al is already working at full capability and won’t actually be capable of fly extra Israelis and revenue from the state of affairs.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on June 15, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
