El Al Isreal Airlines (ELAL) Q4 2024 earnings summary

Executive summary

• Achieved record financial performance in 2024, with significant growth in revenue, profitability, and operational metrics year-over-year.

• Strategic plan update targets continued fleet expansion, network optimization, and new service offerings through 2030.

Financial highlights

• 2024 revenue reached $3.43B, up 37% year-over-year; EBITDAR doubled to $1.11B; net profit surged 367% to $545M.

• Q4 2024 revenue was $851M (+26% YoY), EBITDAR $275M (+71% YoY), and net profit $130M (+226% YoY).

• Net debt reduced by 95% to $75M at year-end 2024 from $1.43B in 2023.

Outlook and guidance

• Revenue projected to exceed $4B by 2030, with ASK expected to grow from 28B in 2024 to 35B in 2030.

• EBITDAR margin target set at 17-21% of revenue; net debt/EBITDA targeted below 3x; cash balance to revenue ratio above 15%.

• Positive free cash flow expected to support investment opportunities and fleet renewal.