El-Al. Photo: Shutterstock Members of El-Al's Frequent Flyer Club continue to show exceptional activity, with flight ticket purchases in the first nine months of the year making up about 49% of all purchases compared to 41% in the corresponding period of the first nine months of 2023.
In the third quarter of the year, purchases of flight tickets by Frequent Flyer Club members jumped to 47% compared to 39% in the third quarter of 2023.
The number of Frequent Flyer Club members increased to 3.162 million as of September 30, 2024, compared to 2.781 million members at the same time last year.
An increase of 381 thousand members.
The fact that more passengers were exposed to El-Al due to the suspension of flights by most foreign airlines to and from Israel during the war led to this impressive growth.
The number of El-Al passengers' FlyCard credit cards also grew to 427 thousand as of September 30, 2024, compared to 386 thousand in the same period in 2023, an increase of 41 thousand members.
As we reported, El-Al ended with a profit of about $187 million in the third quarter of the year compared to about $52 million in the same quarter last year, a surge of 257%.
Revenues grew to a total of about $1 billion compared to about $155 million in the same quarter in 2023, an increase of about 44%.
Operating profit rose to a total of about $270 million compared to about $85 million last year, an increase of 216%.
Seat occupancy in the third quarter was 93.8% compared to 88.1% in the third quarter of 2023.
In the first nine months of the year, profit skyrocketed to about $415 million compared to $77 million in the same period last year, a jump of no less than 439%.
Revenues grew to $2.580 billion compared to $1.825 billion last year, an increase of $755 million, about 41%.
Operating profit totaled about $606 million compared to about $183 million last year, an increase of about 231%.