Dina Ben Tal Ganancia told the Globes Business Conference that, the war aside, worldwide demand has outstripped supply since Covid, while manufacturers cannot deliver enough new aircraft.
The new Israeli airline has been operating from Ben Gurion Airport because of wartime aviation restrictions in the north.
After rising 240% in the past 13 months, El Al’s share price has been falling following the ceasefire with Hezbollah, as foreign airlines announce resumption of Israel flights.
The Portuguese charter airline told “ch-aviation” website that it had received a request from multiple brokers to operate Tel Aviv - New York JFK flights.
The low-cost airline will initially resume flying between Tel Aviv and Larnaca, on December 20.
Travel warnings are proliferating, but "Globes" finds that Israelis flying abroad are more concerned about high fares and are reluctant to cancel.
The tech movement is close to signing a contract with a European airline from which it will lease planes, pilots and crew.
Justifying its record results, the Israeli airline says it has capped maximum fares but as a result all seats are sold out until the end of the year.
The airline posted a net profit of $187 million for the third quarter, on record revenue of $1 billion.
The Israeli airlines plan to compete with El Al and cut fares by leasing planes but are demanding an amendment to the law on compensation for canceled flights.
Air France has extended its cancelations of all Israel flights until November 26 and Italian carrier ITA has extended its cancelations until January 13, 2025.
The airlines want the legal requirement to compensate passengers for canceled flights suspended during the current state of emergency.
"Globes" examines the viability of Israel's tech protest organization operating an airline, with leased planes and crews, to break El Al's monopoly.
There are now concerns that American Airlines decision will spark a new trend of flight suspensions well into 2025.
El Al's 555 pilots will each receive an average bonus of $67,500 this year, as the airline makes record profits due to lack of competition.
The airline says it has abandoned the plan due to the short time schedule set by Isracard for any deal.
Centrum Air now plans to start flying between Tashkent and Tel Aviv on November 21.
Israel Airports Authority (IAA) has announced that Terminal 1 at Ben Gurion airport will close this Friday until the end of March 2025.
Delta Air Lines has suspended Israel operations until the end of March 2025.
British Airways joins a long list of carriers including easyJet, Wizz Air, Virgin Atlantic, and Delta Air lines that won't be resuming flights in 2024.
The Israeli airline is offering to buy a 45% stake in the credit card company at a valuation of NIS 3.1 billion.
Last month the low-cost carrier had the biggest share of passengers passing through Ben Gurion airport after the Israeli airlines.
Some passengers paid just $60 for tickets, which should make the new airline very attractive for Israelis stranded abroad, but seasonal demand is below expectations.
New Israeli airline Air Haifa operated its first international flight this morning between Ben Gurion airport and Larnaca in Cyprus.
European airlines are reluctant to resume flights to Tel Aviv because insurance companies won't provide coverage or charge high premiums.
Many European airlines such as Wizz Air and Aegean are likely to renew flights to Israel in the coming few days.
The golden share is a regulatory tool allowing the state to make strategically important decisions in privatized companies in extreme situations.
The EU has reaffirmed its recommendation to airlines not to fly to Israel as European carriers extend cancelations.
Romanian capital Bucharest stands out with tickets available to Israel on three different airlines.
The European Union Aviation Safety Agency's recommendation is initially valid until October 31.
Air Haifa launches Cyprus flights