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-   -   ElAl effectively shutdown... (https://www.flyertalk.com/forum/el-al-matmid/2014238-elal-effectively-shutdown.html)

nombody May 17, 2020 8:04 am

Article without paywall: https://www.msn.com/he-il/money/news...A1/ar-BB14bkrf

Alpha Golf May 17, 2020 4:20 pm


Originally Posted by nombody (Post 32382561)

Via Google Translate: "Another hedge transaction, which God made for a $ 49 million loss, is currently hedging the three-month Libor rate." :D

TWA884 May 17, 2020 5:44 pm


Originally Posted by Alpha Golf (Post 32383725)
Via Google Translate: "Another hedge transaction, which God made for a $ 49 million loss, is currently hedging the three-month Libor rate." :D

Poor translation.

This is how I would have translated it: "Another hedge transaction, which caused El Al a $49 million loss as of now, is hedging the three months Libor rate."

G.S May 21, 2020 4:47 pm

I guess we should go and redeem our points for Pizza hut vouchers , might be worthless soon :-(

HumbleBee Jun 2, 2020 2:43 am

https://www.jpost.com/breaking-news/...thority-630021

Cashflow problems

Fly613 Jun 7, 2020 4:49 am

https://www.jpost.com/israel-news/go...t-el-al-630607

Calculated Risk Jul 1, 2020 1:06 am

El Al cancels all flights until further notice


https://www.jpost.com/israel-news/el...-notice-633391

Fly613 Jul 1, 2020 1:10 am


Originally Posted by Calculated Risk (Post 32498399)

El Al cancels all flights until further notice


https://www.jpost.com/israel-news/el...-notice-633391

Its time for them to go bankrupt and start over with new owners, and a better attitude

tedcruz Jul 1, 2020 7:39 am


Originally Posted by Fly613 (Post 32498403)
Its time for them to go bankrupt and start over with new owners, and a better attitude

As long as they let me keep my status, I have no problem with them starting over.

craz Jul 1, 2020 10:32 am


Originally Posted by Fly613 (Post 32498403)
Its time for them to go bankrupt and start over with new owners, and a better attitude


+1, but you left out, New contracts where the crew arent earning ridiculous wages that will only kill the new company as well

There can be no Scared cows, something that isnt practiced in Israel (no pun intended)

N830MH Jul 1, 2020 7:39 pm

Wow! No real surprise!

This is very bad. Hopefully they will find another airlines to fly to/from TLV.

JerusalemAsher Jul 3, 2020 3:56 am

United and Delta are already covering the routes to EWR and JFK in the New York Area. Air France, Austrian, and Lufthansa are still flying to and from TLV, not to mention RyanAir and Wizz.

It's funny how throughout any wars, El Al as always the one flying, but when it comes to money El Al stops flying.

the phoenix Jul 3, 2020 7:29 am


Originally Posted by JerusalemAsher (Post 32504255)
United and Delta are already covering the routes to EWR and JFK in the New York Area. Air France, Austrian, and Lufthansa are still flying to and from TLV, not to mention RyanAir and Wizz.

It's funny how throughout any wars, El Al as always the one flying, but when it comes to money El Al stops flying.


Welcome to Economic 101

yosithezet Jul 3, 2020 12:15 pm

Game over or muscle flexing?

https://en.globes.co.il/en/article-e...utm_source=RSS


The Israeli airline has put all its remaining 500 air crew, including 100 pilots, on unpaid leave.

The crisis at El Al Israel Airlines Ltd. (TASE: ELAL) has deepened after the flag carrier put its entire air crew including 100 pilots on unpaid leave. The airline had already put more than 90% of its staff on unpaid leave back in March at the start of the Covid-19 crisis. In the past few days, El Al has cancelled all its cargo flights and its few remaining passenger flights, claiming that the pilots were refusing to fly.

From now on, El Al itself will officially not be flying. Cargo flights will be undertaken using leased aircraft and passenger flights will not operate


shuly Jul 3, 2020 1:21 pm

It ain't over yet.

Shuly


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