Following the landing of a Houthi-fired missile near the runways at Ben Gurion International Airport, the stock prices of Israeli carriers El Al and Israir saw a notable surge.
Business outlet The Marker reports that Kenny Rosenberg—a U.S.-based businessman and majority owner of El Al—gained roughly NIS 250 million as El Al’s stock climbed by 10% over a two-day period.
During the same time frame, Rami Levy, who holds the controlling interest in Israir, saw his wealth grow by around NIS 15 million, thanks to a 7% uptick in Israir’s share value.
This spike in value came after numerous international airlines announced that they would be suspending flights to and from Ben Gurion Airport indefinitely. That decision significantly reduced air traffic to Israel, opening a gap in available service.
As a result, thousands of travelers found themselves stuck abroad. Some were already at airports en route to Israel when they were notified that their flights had been canceled.
The jump in value for the Israeli airlines is largely due to the sharp rise in demand for their flights, as they are now among the only carriers still maintaining normal operations at Ben Gurion. El Al and Israir, which serve major hubs across Europe, Asia, and the United States, are experiencing a major boost in bookings—especially from passengers scrambling to adjust after foreign airlines pulled out.
{Matzav.com Israel}
You are reporting this as if it’s a problem that a frumme yid is making money. Providing a service that no one else wants to.
Because no one else wants to, doesn’t mean they have to charge 2-4 times the fee.
Can everyone please stop being so jealous of Kenny Rosenberg. He bought ElAl out of bankruptcy and now he built it up to be an Amazing airline. They NEVER cancelled any flights during this whole war. He deserves every penny. Keep it up Kenny!
I still take Turkish. No problem so far.
Supporting a supporter of terror, makes you happy? Supportng the murder of your fellow Jew makes you happy?
Total nonsense. As with any stock, it’s only when you SELL your shares is what counts. Stocks go up and down in value. They are constantly evolving. And when the stock drops by 18% over the next 2 weeks, you won’t hear a word. This is such silliness. We keep hearing this same stupidity regarding Bezos or Musk every time their stock goes up or down. Immaturity yenta talk at its worst.
Irresponsible headline!!galvanizing sina toward a frum businessman of a vulnerable international business which countless Jews NEED?! Take it down! A complete Shonda! Sending my bracha for Hatzlacha and Hashem’s shmira to El AL , its owners and staff.
I work for Kenny Rosenberg and as an employee of his I can testify that he is one of the most ehrlicha yidden that I know. The company is set up that there are shiurim all day and he hired an in-house rabbi. Such a person should be rewarded financially and bh he is because of his devotion to לימוד התורה. So please stop the criticism and the jealousy.
Shiurim all day? So when do you actually work?
As if making money is a sin….