El Al has agreed to fix the prices of tickets to four destinations that will act as hubs to and from Israel until the end of 2024, in a bid to offset travel issues caused by widespread the suspension of most flights to Tel Aviv due to the war against Hamas in Gaza and the ongoing conflict with Hezbollah in Lebanon.
The fixed economy-class prices for a roundtrip ticket to Larnaca, Cyprus will be $199; to Athens, Greece $299; to Vienna, Austria $349; and to Dubai, United Arab Emirates $349.
Some 80,000 tickets will be available through the end of the year, according to a statement from the national carrier.
El Al Israel Airlines Ltd. announced last Thursday a record profit of $147.4 million in the second quarter of 2024.
The airline garnered revenue of $839 million in the April-June period, 33% more than the $630 million it earned in the same time period in 2023.
In the first quarter of 2024, Israel’s flagship carrier recorded a then-record profit of $80.5 million from revenue of $738 million.
The airline also announced the signing of “the largest agreement in its history,” for up to 31 Boeing 737 MAX aircraft at a cost of $2.5 billion. The planes will replace El Al’s 737-800 and 737-900 fleet, with delivery beginning in 2028.
The company has been criticized for raising its prices after Oct. 7, as many international airlines have suspended service to the Jewish state.
