ElAl effectively shutdown...
May 17, 2020 | 8:04 am
#46
Join Date: May 2000
Location: Zichron Yakov, Israel
Programs: BA Silver
Posts: 842
Article without paywall: https://www.msn.com/he-il/money/news...A1/ar-BB14bkrf
May 17, 2020 | 4:20 pm
#47
Join Date: Dec 2002
Location: Washington, D.C.
Programs: UA Premier 1K: PlAAtinum; DL SM, MM; Marriott Gold; CO Plat Emeritus; NW Plat Emeritus
Posts: 4,777
Article without paywall: https://www.msn.com/he-il/money/news...A1/ar-BB14bkrf
May 17, 2020 | 5:44 pm
#48
Moderator: Travel Safety/Security, Travel Tools, California, Los Angeles; FlyerTalk Evangelist
Join Date: Dec 2009
Location: LAX
Programs: oneword Emerald
Posts: 24,773
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."
Jun 2, 2020 | 2:43 am
#50
Join Date: Dec 2011
Location: NYC
Posts: 1,389
Jun 7, 2020 | 4:49 am
#51
Join Date: Sep 2018
Posts: 312
Jul 1, 2020 | 1:06 am
#52
Join Date: Oct 2007
Location: TLV,LHR,HKG,TBS
Programs: BA Silver, ELAL Platinum, VS Gold
Posts: 176
El Al cancels all flights until further notice
https://www.jpost.com/israel-news/el...-notice-633391
Jul 1, 2020 | 1:10 am
#53
Join Date: Sep 2018
Posts: 312
El Al cancels all flights until further notice
https://www.jpost.com/israel-news/el...-notice-633391
Jul 1, 2020 | 10:32 am
#55
Suspended
Join Date: Nov 1999
Posts: 24,150
+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)
Jul 3, 2020 | 3:56 am
#57
Join Date: Sep 2011
Posts: 16
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.
It's funny how throughout any wars, El Al as always the one flying, but when it comes to money El Al stops flying.
Jul 3, 2020 | 7:29 am
#58
Join Date: Jan 2004
Location: NY
Programs: AA, HILTON, BONVOY, FlyingBlue
Posts: 1,804
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.
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
Jul 3, 2020 | 12:15 pm
#59
Moderator, El Al and Marriott Bonvoy, FlyerTalk Evangelist
Join Date: Feb 2005
Location: SIN
Programs: SQ PPS, Mar LTT, Hyatt LTG, AA LTG, LY, HH, IC, BA, DL, UA SLV
Posts: 12,155
Game over or muscle flexing?
https://en.globes.co.il/en/article-e...utm_source=RSS
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
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