Israel's El Al has warned that the return of foreign airlines to Tel Aviv could begin to blunt the strong earnings it has been generating over recent years. Reporting third-quarter results, El Al says that from the start of the current quarter, and following a ceasefire agreement, "the return of foreign airlines began to accelerate". The carrier previously had a near-monopoly of flights to and from Israel after foreign operators pulled out of the country on security grounds. El Al describes the change as "gradual" and believes that demand for its flights, and its load factors, will remain high although with "less intensity" compared with earlier in the year. Demand was strong through the third quarter as a dearth of competition steered Israelis to fly with the local carrier. It cites "high seasonal demand during the summer and holiday period" as well as occupancy rates and revenue per ASK that were even higher than last year, itself a period of strong performance. Load factor came in at 95.3%. The airline generated an EBITDAR result of $357 million for the period, up from $246 million a year earlier, on revenue that rose from $1 billion to $1.1 billion. Net profit came in at $203 million. El Al says its focus going forward is to expand its production and its available fleet, as well as to train up a growing workforce, including with recruitment and training of air and ground crews. In the current quarter, it plans to expand capacity 3.3%.

Boeing added orders for eight Max jets and seven 787s to its backlog last month, bringing its year-to-date tally to 836 gross orders as of 31 October. That compares with 378 at the same point in 2024. Data from the US airframer shows that the additional single-aisle orders included six from TUI. Boeing has not identified the customers behind the other new sales. BOC Aviation and Air Europa cancelled orders for five and two Max aircraft, respectively. Two orders were returned to the backlog from the ASC 606 accounting category, which is used to recognise that not all orders lead to deliveries. The changes brought net orders in October to 10. Across the first 10 months of the year, 54 orders were cancelled or converted and 65 returned from ASC 606. Hence year-to-date net orders were 847 at 31 October. Boeing maintained delivery momentum in October, handing 53 commercial aircraft to customers. That brought year-to-date deliveries to 493, up from 305 a year earlier. October 2025 deliveries spanned 39 Max jets, one 737NG-based P-8 maritime patrol aircraft, four 767s (two freighters and two tankers), seven 787s and two 777 Freighters. Boeing had delivered 41 737s and 14 widebodies in September. Year on year, deliveries increased 64% in that month and near-quadrupled in October. Production rates had been cut last year amid quality and safety issues and industrial action between September and November.

ANA Holdings will issue Y200 billion ($1.3 billion) worth of 'bond-type class shares' through a domestic public offering, with half allocated to funding its aircraft purchases. The securities, which will list on the Tokyo Stock Exchange, are expected to price at 3.5-4% until March 2031, after which they will revert to a floating rate equal to the one-year JGB rate plus a spread to be determined at pricing. Pricing is expected to take place between 21 and 26 November, with subscriptions to start on the next business day and run until 11 December. ANA states that the hybrids will enable it to raise funds without diluting voting rights of its shareholders, while allowing half the funds to be credited as equity by credit ratings agencies. "They are a new financing option that enable us to realise balance sheet management as 'Second Capital' without dilution," it adds. It anticipates net proceeds of Y194 billion, with Y100 billion to be deployed on aircraft purchases by the end of March 2027. These include Boeing 787s, 777-9s, 737 Max 8s and Airbus A320neos and A321neos. ANA announced in February plans to order up to 77 jets from Boeing, Airbus and Embraer as part of a strategy aimed at capturing demand for travel between Asia and North America, as well as changes in the domestic demand environment. The remaining amount will be used to repurchase treasury stock and optimise its capital structure, along with Y56 billion of liquidity it already has on hand.