War in Ukraine Allows El Al to Dominate Israel's Aviation Market, But Competition Looms

El Al was struggling financially before the war, but the conflict allowed it to dominate Israel's aviation market and charge much higher fares
El Al's market share at Ben Gurion Airport jumped from 21.5% pre-war to 80% during the conflict
Its share price more than doubled amid huge profits, though some criticize El Al for price gouging
Foreign airlines like United and Wizz Air are starting to resume flights to Israel, eroding El Al's monopoly
It's uncertain whether El Al can retain higher margins long-term, but its fortunes have dramatically improved in the short term