El Al Reports Record Q3 2026 Revenues of $1.268 Billion and TA-35 Entry
El Al Israel Airlines reported record third-quarter 2026 revenues of $1.268 billion and a net profit of $174.8 million. The carrier also joined the TA-35 index and expanded its fleet with new Boeing agreements.
El Al Israel Airlines reported record financial results for the third quarter of 2026, driven by strong passenger demand and growth across its diversified business segments. The national carrier posted quarterly revenues of approximately $1.268 billion and a net profit of $174.8 million.
Financial Performance and Diversification
The third-quarter results mark a robust recovery from earlier in the year, when the airline recorded a net loss of $66.7 million in the first quarter due to the impact of military operations and airspace closures. Passenger operations remained the primary revenue driver, generating $1.153 billion with a high load factor of approximately 95%. Cargo transport also saw significant growth, generating $69.5 million—a 22.1% increase compared to the same period last year.
Beyond core aviation, El Al benefits from a diversified business model that includes the Sun d'Or brand, the FLY CARD loyalty program in partnership with Isracard, maintenance services, and catering subsidiaries such as Tamam and Borenstein Caterers. Loyalty program revenues surged by 129.6% to $24.8 million in the third quarter.
Market Entry and Fleet Expansion
On November 5, 2026, El Al officially entered the Tel Aviv Stock Exchange's flagship TA-35 index. This inclusion triggered mandatory institutional demand as index-tracking exchange-traded funds added the stock to their portfolios.
To support long-term growth, the airline finalized an agreement with Boeing on April 15, 2026, exercising options for six additional 787 Dreamliner aircraft and converting four others to the larger 787-10 model. Deliveries are scheduled between 2029 and 2032, representing an estimated investment of $1.5 billion.
