El Al Israel Airways Ltd. (TASE:ELAL) stays the one airline working direct flights between Israel and North America. In November, 11% of the passengers passing by Ben Gurion airport flew to and from the US on El Al flights.
There appears to be a fading chance that El Al will face competitors earlier than April on its US routes, thus placing downward strain on airfares. However even when Delta Airways resumes Israel flights as deliberate in April 2025, lots of its tickets are costlier than the equal El Al tickets.
Plans by Israeli tech leaders to constitution planes and crews for flights to the US haven’t but moved ahead, whereas Israir and Arkia look unlikely to launch flights to New York any time quickly. Israir has been deterred by the reluctance of the Knesset Economics Committee to approve an modification to the Aviation Service Legislation, which might absolve airways from the necessity to compensate passengers for canceled flights whereas the conflict continues.
Israir had deliberate to lease planes and supply 15,000 seats on flights to New York however within the wake of the Knesset’s foot dragging, CEO Uri Sirkis informed “Globes” “The present resolution undermines Israir’s marketing strategy. It is not fully out of the query (working flights to the US), however it considerably will increase the dangers relating to excessive occasions.”
To make issues worse few connection flight choices can be found with Air France, Lufthansa Group and Italian provider ITA extending the suspension of flights to Israel even after the Israel-Hezbollah ceasefire. ITA introduced solely yesterday that it’s extending flight suspensions to Israel till the top of January 2025.
American Airways and United Airways have stated they won’t be resuming flights to Israel till additional discover however Delta Airways is because of recommence flights to Ben Gurion airport in April 2025. Within the airline business in Israel the priority is rising that flight cancelations will proceed to be prolonged though the entry of Donald Trump into the White Home might change the image.
However even the resumption of flights to Israel by Delta in April doesn’t appear to fulfill demand and convey down fares considerably. “Globes” made a random verify of three dates on Delta’s web site. On the finish of April a return ticket from Tel Aviv to New York on Delta prices $1,112 in contrast with $1,449 on an El Al flight. In early Might a return ticket on Delta turns into costlier – $1,462 in contrast with $1,364, and in June a return ticket on Delta prices $1,732, whereas the equal return ticket on El Al is $1,424.
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Some consolation is that because the ceasefire was signed between Israel and Lebanon, the shekel has strengthened by 5.3% in opposition to the US greenback, that means that the Israeli foreign money is at its strongest in 10 months in opposition to the greenback, translating into financial savings on airfares for Israeli vacationers.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 10, 2024
© Copyright of Globes Writer Itonut (1983) Ltd., 2024
