It's confirmed: Chief Executive Officer Dina Ben Tal Ganancia will step down at the end of the year

The war between Israel and Iran that broke out last June has hit El Al hard, the Israeli flag carrier, which saw its second-quarter profits fall by 55%. The near-total closure of the country’s airspace for two weeks following missile attacks caused the airline an estimated loss of $100 million.

According to data released by the airline today, in the period between April and June profits fell to $66 million, a significant decrease compared with $147 million recorded in the same period of the previous year. Revenues also decreased, amounting to $777 million, a reduction of 7%.

Despite the difficulties, the carrier maintained a high load factor, equal to 93%, in the second quarter, thanks to many international airlines having suspended flights to and from Israel since October 2023. This situation had already led to an increase in profits for El Al in 2024, although passengers complained of higher fares.

In a separate statement, the CEO Dina Ben Tal Ganancia announced that she will leave her post at the end of 2025. In the meantime, the air company continues its fleet modernization plan, which foresees the addition of a new Boeing 787 Dreamliner and the return to service of two B-737s in 2026.