A side point: I suspect bombs are at bottom of the price chart in terms of financing an attack. More likely, the most expensive part is finding someone stupid enough to blow themselves up, and getting them to the right place at the right time. The cost of doing this undetected would probably increase non-linearly with the number of people involved in your attack.
Your average Muslim individual would have little chance convincing a screener they were an observant Jew, and would always fail regardless of how many times they attempted.
By the time they had learned a patter that would get them through security, they would probably be bright enough to say "Hey, why am I wasting my life by blowing myself up? I should probably _run_ operations instead of being in them"
The supposed success of El Al isn't (in my opinion) that they can stop a broad community of attackers, rather it is that they are effective in profiling quickly, and passing through 95% of the passengers quickly, and only subjecting 5% to selective screening.
I'd be interesting in hearing of the experiences of any Palestinian or Muslim passengers that have flyed on El Al for anecdotal confirmation of this.
Attackers must evade the defenses just once.