EL AL Israel Airlines has reported a net profit of $107 million in 2015, as compared to a loss of $28 million in 2014. Revenue amounted to approximately $2.054 billion, compared to $2.081 billion the year prior.

EL AL President and CEO David Maimon stated, “We present record results thanks to our excellent employees; a dramatic improvement of operational efficiency due to the drop in fuel prices; the entry of new aircraft into our fleet; a considerable investment in the global website; modular pricing for UP–branded flights, which increased the demand (UP is the low-cost airline operated by EL AL) and the execution of a historical wage agreement.”

Last year was full of significant events for EL AL, including the signing with Boeing of the largest aircraft acquisition in the airline’s history for the purchase of 15 Dreamliner aircraft; the launch of the only non-stop flights between Boston and Israel; the airline’s stocks entering the Tel Aviv 75 index (a stock market index of the most highly capitalized companies listed on the Tel Aviv stock exchange), the launch of the digital innovation program for supporting and accelerating startups in the fields of aviation and technology called “Cockpit” as well as the continued effort to reduce the age of the narrow-body aircraft fleet.

EL AL also substantially expanded the Matmid Frequent Flyer Club after launching the “Fly Card” credit card in Israel and gained more than 140,000 new customers since the launch a year and a half ago. EL AL also upgraded the luxury classes within the wide-body fleets as well as the in-flight streaming system called “Dreamstream.”

For more information and to book flights, visit http://www.elal.com, call EL AL at 800-223-6700 or contact any travel agent.