Stock Market News

Israel’s El Al to restore pilots’ salaries to pre-COVID levels

2022.07.10 17:31

Israel's El Al to restore pilots' salaries to pre-COVID levels

Flag carrier El Al Israel Airlines reached a collective agreement with its pilots to restore their salaries to pre-COVID pandemic levels and end months of labour action that led to cancelled flights.

Under the deal, which is valid through 2025, salaries will return to previous levels by the beginning of 2023, El Al and the Histadrut labour federation said in a joint statement.

Last month, a labour court declined El Al’s demand to force pilots back to work after near daily cancellations, ordering both sides to negotiate a deal. Pilots were seeking El Al to abide by a 2017 salary deal.

“Israeli airline pilots, including El Al pilots, significantly reduced their salaries so the airlines could survive. Today, with the aviation industry recovering, it is time to return to the previous situation,” said Avi Edri, head of the Histadrut’s transportation workers’ union.

El Al in May said it had narrowed its first-quarter loss to $66 million from $86 million a year earlier, after Israel’s borders were reopened to foreign tourists and passenger numbers returning to pre-COVID levels.

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,840.73 2.21%
ethereum
Ethereum (ETH) $ 2,311.89 3.80%
tether
Tether (USDT) $ 0.999383 0.04%
xrp
XRP (XRP) $ 2.19 3.31%
bnb
BNB (BNB) $ 603.53 2.80%
solana
Solana (SOL) $ 138.31 0.03%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.208743 0.60%
cardano
Cardano (ADA) $ 0.659432 2.24%
staked-ether
Lido Staked Ether (STETH) $ 2,309.19 3.84%
tron
TRON (TRX) $ 0.227324 0.58%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,709.70 2.52%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,766.96 3.64%
chainlink
Chainlink (LINK) $ 15.33 0.91%
litecoin
Litecoin (LTC) $ 126.95 0.42%
avalanche-2
Avalanche (AVAX) $ 22.68 1.34%
stellar
Stellar (XLM) $ 0.285599 3.20%
sui
Sui (SUI) $ 2.82 5.85%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.31%
the-open-network
Toncoin (TON) $ 3.40 4.04%
leo-token
LEO Token (LEO) $ 9.15 1.82%
hedera-hashgraph
Hedera (HBAR) $ 0.199682 1.05%
polkadot
Polkadot (DOT) $ 5.03 3.28%
usds
USDS (USDS) $ 1.00 0.16%
mantra-dao
MANTRA (OM) $ 7.32 2.39%
hyperliquid
Hyperliquid (HYPE) $ 20.35 1.16%
weth
WETH (WETH) $ 2,314.50 3.58%
bitcoin-cash
Bitcoin Cash (BCH) $ 297.76 0.65%
ethena-usde
Ethena USDe (USDE) $ 0.999882 0.02%
bitget-token
Bitget Token (BGB) $ 4.12 2.54%
uniswap
Uniswap (UNI) $ 8.02 0.45%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,452.08 3.96%
monero
Monero (XMR) $ 210.20 3.37%
whitebit
WhiteBIT Coin (WBT) $ 26.25 1.35%
near
NEAR Protocol (NEAR) $ 3.07 0.22%
aptos
Aptos (APT) $ 6.18 6.11%
pepe
Pepe (PEPE) $ 0.000008 1.04%
dai
Dai (DAI) $ 0.999817 0.04%
internet-computer
Internet Computer (ICP) $ 6.63 2.38%
ondo-finance
Ondo (ONDO) $ 0.974398 0.31%
aave
Aave (AAVE) $ 203.53 0.60%
bittensor
Bittensor (TAO) $ 346.89 6.20%
susds
sUSDS (SUSDS) $ 1.04 0.14%
ethereum-classic
Ethereum Classic (ETC) $ 18.75 0.79%
okb
OKB (OKB) $ 45.64 0.60%
gatechain-token
Gate (GT) $ 21.25 0.51%
official-trump
Official Trump (TRUMP) $ 12.84 1.87%
mantle
Mantle (MNT) $ 0.752796 1.82%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.25 3.58%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,898.75 2.43%