Israir Group Reports Its Strongest Quarter Ever: New Records in All Financial and Operational Metrics

Israir Group (TASE: ISRG) continues to break records, presenting impressive financial results for the third quarter of 2025, with a surge in all key metrics: revenue, gross profit, operating profit, net profit, and EBITDAR. Amidst the expansion of its international operations, acquisition of additional aircraft, and operation of an impressive fleet during peak days, Israir positions itself as a leading force in Israeli aviation.

Sharp Increase in Revenue and Profits

Israir concluded the third quarter with record revenue of approximately $258 million, an increase of about 55% compared to the same quarter last year. The gross profit amounted to approximately $54 million (an increase of about 53%), and the operating profit stood at approximately $36 million – a growth of about 56% compared to 2024. There was also a 46% increase in cash flow profitability (EBITDAR), reaching $45.7 million.

The net profit for the quarter reached a peak of approximately $35 million, significantly higher than the profits reported in previous quarters.

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Passenger Numbers Soar: Annual Rate Exceeds 2 Million

During the third quarter, Israir flew approximately 807,000 passengers, an increase of about 43% compared to the same period last year. Since the beginning of 2025, the total number of passengers stands at approximately 1.63 million, and the company’s annual international flight rate is expected to surpass the 2 million passenger mark.

Fleet Expansion – Operational Efficiency at Its Peak

In the third quarter, the company operated an average of 18 aircraft, peaking at 21 aircraft during the high season. This represents an unprecedented operation for Israir. Additionally, the number of flights increased from 1,990 flights in the same period to 2,870 flights, maintaining impressive efficiency with only 547 employees, including 68 pilots.

Cumulative Results for the First Nine Months of 2025

• Total Revenue: Approximately $531.4 million, an increase of about 66%

• Gross Profit: Approximately $74.3 million – an increase of about 18%

• Cash Flow from Operating Activities: $58 million – an increase of about 40%

• EBITDAR: Approximately $58 million (compared to $46.2 million in the same period)

• Ancillary Product Sales: Approximately $46.3 million – nearly double from last year

Facing Challenges and External Impacts

Despite negative impacts from the dollar exchange rate, financing expenses, compensation provisions, and the attack in Iran in the second quarter that led to a reduction of about $15 million in profit, Israir managed to maintain high profitability, partly due to leasing aircraft under a “wet lease” arrangement, which provided exceptionally high operational flexibility.

Towards Continued Growth: Plans to Acquire Wide-Body Airbus Aircraft

In 2025, Israir acquired two additional aircraft and is currently exploring investment in Airbus A330 wide-body aircraft, a move that could significantly enhance the company’s international capabilities.