El Al Isreal Airlines (ELAL) Q4 2025 earnings summary

Executive summary

• Revenue grew 1% year-over-year to $3.48B in 2025, despite instability from the Gaza conflict and Operation 'Rising Lion'.

• Net profit declined 25% year-over-year to $410M, representing 12% of revenues.

• EBITDAR fell 15% year-over-year to $947M, or 27% of revenues.

• Passenger numbers reached 6.9M in 2025, with a load factor of 93.8%.

Financial highlights

• Revenue for 2025 was $3.48B, up from $3.43B in 2024.

• EBITDAR decreased to $947M from $1,112M in 2024.

• Net profit dropped to $410M from $545M in 2024.

• Free cash flow was $470M, down from $627M in 2024.

• Dividend payout of ~$102M, or ₪0.57 per share, for Jan–Sep 2025.

Outlook and guidance

• Plans to expand the route network and increase frequencies in 2026, including new destinations in Asia and Europe.

• Acquisition of 5 additional aircraft in 2026, expanding the fleet to 55.

• Continued focus on operational excellence, AI integration, and customer experience enhancements.

• Strategic plan targets for 2030: $4B+ revenue, 7.6M passengers, and 8–10% from ancillary/non-flight services.