EL AL Corporate Affairs
Jan 14, 2018, 11:13 pm
#31
Join Date: Jun 2006
Location: Israel
Programs: Elal Silver, AirCanada Aeroplan, AA AAdvantage, KLM Flying Blue, Continental OnePass, Delta Skymiles
Posts: 529
El Al appoints Gonen Usishkin CEO
Nov 26, 2018, 9:02 am
#34
FlyerTalk Evangelist
Join Date: Dec 2009
Location: HaMerkaz/Exit 145
Programs: UA, LY, BA, AA
Posts: 13,167
Jul 1, 2019, 8:08 am
#35
Join Date: May 2000
Location: Zichron Yakov, Israel
Programs: SPG Gold
Posts: 808
Israel aviation invigorated by EU open skies but not El Al
https://centreforaviation.com/analys...t-el-al-479027
On 14-Jun-2019 El Al launched a weekly service from Tel Aviv to Las Vegas, operated by new Boeing 787-9 aircraft. The launch to the US city known for its casinos is another throw of the dice in a calculated gamble by Israel's biggest airline to restore profitability and counter ever growing competition.
El Al lost USD52 million in 2018, in contrast to a small profit of USD6 million in 2017, and its 1Q2019 loss widened to USD55 million from USD44 million a year earlier.
Passenger numbers were flat in 2018, when El Al's share of traffic at Tel Aviv Ben Gurion fell to a new low. However, it is fighting back, with new routes launched this year to Nice, San Francisco, Manchester in addition to Las Vegas. A summer route to Orlando is planned and, in 2020, it plans to launch Chicago and Tokyo.
The problem for El Al is that its local competitors, Israir Airlines and Arkia Israeli Airlines, are growing much more rapidly.
Arkia, the launch operator for Airbus' long range A320neoLR, is in a particularly expansive mood currently. Moreover, foreign LCCs, led by Wizz Air, easyJet, Pegasus and Ryanair, continue to grow their share of seats to/from Israel. The Israel-EU open skies agreement, progressively implemented between 2013 and 2018, has certainly invigorated Israeli aviation markets.
(Full article behind paywall)
On 14-Jun-2019 El Al launched a weekly service from Tel Aviv to Las Vegas, operated by new Boeing 787-9 aircraft. The launch to the US city known for its casinos is another throw of the dice in a calculated gamble by Israel's biggest airline to restore profitability and counter ever growing competition.
El Al lost USD52 million in 2018, in contrast to a small profit of USD6 million in 2017, and its 1Q2019 loss widened to USD55 million from USD44 million a year earlier.
Passenger numbers were flat in 2018, when El Al's share of traffic at Tel Aviv Ben Gurion fell to a new low. However, it is fighting back, with new routes launched this year to Nice, San Francisco, Manchester in addition to Las Vegas. A summer route to Orlando is planned and, in 2020, it plans to launch Chicago and Tokyo.
The problem for El Al is that its local competitors, Israir Airlines and Arkia Israeli Airlines, are growing much more rapidly.
Arkia, the launch operator for Airbus' long range A320neoLR, is in a particularly expansive mood currently. Moreover, foreign LCCs, led by Wizz Air, easyJet, Pegasus and Ryanair, continue to grow their share of seats to/from Israel. The Israel-EU open skies agreement, progressively implemented between 2013 and 2018, has certainly invigorated Israeli aviation markets.
(Full article behind paywall)
Mar 30, 2022, 5:33 am
#36
Join Date: Apr 2013
Location: Devon, UK
Programs: VS Silver; Matmid Silver, BA Bronze; Accor Plat.
Posts: 955
Mar 30, 2022, 7:29 am
#37
Join Date: Jan 2011
Location: YYZ
Posts: 765
Ya i saw this.
He is going to back a former employer where he worked for years as their new CEO.
Its hard to really know why he is really leaving ELAL - it really could be just as simple as pursuing an opportunity to work for the company he worked for for years and knows the business better.
He is going to back a former employer where he worked for years as their new CEO.
Its hard to really know why he is really leaving ELAL - it really could be just as simple as pursuing an opportunity to work for the company he worked for for years and knows the business better.
Last edited by simba8; Mar 30, 2022 at 7:53 am
Apr 4, 2022, 11:43 am
#38
FlyerTalk Evangelist
Join Date: Nov 2005
Location: Phoenix, AZ
Programs: AA Gold AAdvantage Elite, Rapids Reward
Posts: 38,318
Wow! I did not know that! I have no idea why he quit at his job. I think he found a new job. He wants to work someplace else, but he won't work for airlines anymore.
Apr 6, 2022, 2:10 am
#39
Join Date: May 2000
Location: Zichron Yakov, Israel
Programs: SPG Gold
Posts: 808
More rumblings from El Al's pilot union
https://passportnews.co.il/%D7%9E%D7%97%D7%9C%D7%95%D7%A7%D7%AA-%D7%91%D7%99%D7%9F-%D7%98%D7%99%D7%99%D7%A1%D7%99-%D7%90%D7%9C-%D7%A2%D7%9C-%D7%95%D7%94%D7%97%D7%91%D7%A8%D7%94/
As if El Al didnt have enough problems right now, the pilots union is again grumbling about pay issues. Although the article doesnt go into much detail, it is somewhat connected to the return to service of the 777's.
As if El Al didnt have enough problems right now, the pilots union is again grumbling about pay issues. Although the article doesnt go into much detail, it is somewhat connected to the return to service of the 777's.
Apr 7, 2022, 4:10 am
#40
Join Date: Jun 2006
Location: Israel
Programs: Elal Silver, AirCanada Aeroplan, AA AAdvantage, KLM Flying Blue, Continental OnePass, Delta Skymiles
Posts: 529
El Al names Dina Ben-Tal Ganacia CEO
https://en.globes.co.il/en/article-E...CEO-1001408556
https://en.globes.co.il/en/article-E...CEO-1001408556
Nov 23, 2022, 4:30 am
#41
Join Date: May 2000
Location: Zichron Yakov, Israel
Programs: SPG Gold
Posts: 808
El Al Q3 2022 results - increased profit
https://en.globes.co.il/en/article-e...ers-1001430743
Finally getting back to profitability even after accounting for the one-time gain from the sale of the Matmid program.
Finally getting back to profitability even after accounting for the one-time gain from the sale of the Matmid program.
Aug 10, 2023, 5:17 am
#43
Join Date: May 2000
Location: Zichron Yakov, Israel
Programs: SPG Gold
Posts: 808
EL AL Q2 2023 profit of $90 Million
https://en.globes.co.il/en/article-e...old-1001454748
Seems like the new management is starting to make the business run profitably.
Seems like the new management is starting to make the business run profitably.