The Israeli Occupation's aviation sector has been hard hit, reporting losses of 105 million shekels (approximately USD 28.8 million) in the first three quarters of 2024.

 

This statistic was released by the Israel Airports Authority (IAA) on Monday, coinciding with continued flight cancellations by numerous Western airlines servicing routes to and from Tel Aviv.

 

The IAA highlighted the operational losses incurred as a direct result of the sustained military actions in Gaza and a substantial decline in international flight operations.

 

Reports indicated that around 13.8 million passengers passed through Ben Gurion Airport in Tel Aviv during 2024, reflecting a significant 34 percent drop compared to the previous year.

 

Additionally, the IAA noted a decrease in expenditures during the first nine months of 2024, down approximately 16 percent from 2023, totaling around 2.3 billion shekels (USD 630 million).

 

In light of these developments, the authority is planning to implement an additional 10 percent cut in its expenses for 2025.

 

According to Passport News, an "Israeli" aviation website, the IAA decided to maintain rental rates at their current levels for 2025. This decision comes as a response to the diminished activity at Ben Gurion Airport, including a downturn in business for duty-free shops and other tenants.