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after attenpted suicide hijacking

Israeli airline shares jump after attack

Markets respond to attempted cockpit takeover on Dubai–Tel Aviv flight, with investors betting on shift to Israeli carriers after emergency landing in Saudi Arabia

El Al

The attempted cockpit takeover on a Flydubai flight from the United Arab Emirates to Ben Gurion Airport is moving markets, with shares in Israeli airlines surging in the hours after the emergency landing in Saudi Arabia.

El Al shares rose 7.82 percent, while Israir jumped 6.72 percent. Arkia, Israel's third airline, is not publicly traded.

Moments during the plane's dive
Moments during the plane's dive (Photo: From Amit Segal's Telegram channel)

The spike in Israeli airline shares follows the dramatic incident aboard the Flydubai flight, which made an emergency landing in Saudi Arabia after the co-pilot allegedly attacked the captain and attempted to crash the aircraft.

Initial findings point to a suspected suicide attempt in which the pilot sought to bring down the plane with all aboard, and Israeli officials are assessing the possibility that this was an actual terror attack. According to reports, the co-pilot repeatedly stabbed the captain. As the attack began, crew members and passengers broke through the cockpit door and overpowered the assailant.

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