Thanks to the Houthis: This Haredi man made hundreds of millions of shekels in profits
Not everyone lost from the Houthi attack on Ben Gurion Airport; there are also two big winners: El Al owner Kenny Rosenberg and Israir owner Rami Levy
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While Israel deals with the aftermath of the Houthi missile strike near Ben Gurion Airport, two businessmen are quietly reaping the rewards. Kenny Rosenberg, the Haredi American owner of El Al, and Rami Levy, who owns Israir, have emerged as the unexpected beneficiaries of the aviation chaos triggered by the attack.
The missile’s impact, which left a gaping hole near Israel’s main airport, prompted a cascade of cancellations from international airlines. Major carriers, including Wizz Air, Ryanair, Delta, British Airways, Air France, Swiss, and Austrian Airlines, all announced temporary suspensions of service to and from Israel.
With foreign competition largely grounded, Israel’s homegrown carriers are stepping into the vacuum. El Al and Israir, both still operating despite the regional tension, are now poised to dominate the skies, and collect the profits, while the global aviation industry steers clear.
According to a report in The Marker on Tuesday morning, El Al has earned NIS 250 million since the flight cancellations, and its share price has jumped by about 10 percent.
Rami Levy's Israir also made a handsome profit of NIS 15 million, and the company's shares also jumped by about seven percent.