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) $ 63,542.02 0.18%
ethereum
Ethereum (ETH) $ 2,647.34 0.39%
tether
Tether (USDT) $ 1.00 0.04%
bnb
BNB (BNB) $ 602.78 1.77%
solana
Solana (SOL) $ 146.86 1.43%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.590016 0.27%
staked-ether
Lido Staked Ether (STETH) $ 2,647.50 0.33%
dogecoin
Dogecoin (DOGE) $ 0.108329 1.06%
the-open-network
Toncoin (TON) $ 5.58 0.78%
tron
TRON (TRX) $ 0.152214 0.17%
cardano
Cardano (ADA) $ 0.369094 4.19%
avalanche-2
Avalanche (AVAX) $ 27.47 0.04%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,123.60 0.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,410.99 0.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.08%
weth
WETH (WETH) $ 2,647.58 0.38%
chainlink
Chainlink (LINK) $ 11.46 0.04%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.44 0.12%
polkadot
Polkadot (DOT) $ 4.55 3.94%
near
NEAR Protocol (NEAR) $ 5.17 4.92%
dai
Dai (DAI) $ 1.00 0.04%
uniswap
Uniswap (UNI) $ 6.91 2.32%
leo-token
LEO Token (LEO) $ 5.57 3.16%
litecoin
Litecoin (LTC) $ 66.65 1.39%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,774.89 0.18%
internet-computer
Internet Computer (ICP) $ 9.12 7.32%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.68 0.98%
bittensor
Bittensor (TAO) $ 567.88 2.82%
sui
Sui (SUI) $ 1.56 0.36%
kaspa
Kaspa (KAS) $ 0.163904 1.58%
aptos
Aptos (APT) $ 7.93 1.23%
pepe
Pepe (PEPE) $ 0.000008 0.50%
monero
Monero (XMR) $ 167.48 4.05%
first-digital-usd
First Digital USD (FDUSD) $ 0.999759 0.09%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.407327 0.77%
blockstack
Stacks (STX) $ 1.92 4.63%
stellar
Stellar (XLM) $ 0.09604 0.19%
ethereum-classic
Ethereum Classic (ETC) $ 19.09 0.17%
immutable-x
Immutable (IMX) $ 1.75 3.72%
ethena-usde
Ethena USDe (USDE) $ 0.9991 0.01%
aave
Aave (AAVE) $ 168.71 1.17%
render-token
Render (RENDER) $ 6.11 0.53%
okb
OKB (OKB) $ 39.94 1.21%
crypto-com-chain
Cronos (CRO) $ 0.084885 1.00%
filecoin
Filecoin (FIL) $ 3.77 0.36%
injective-protocol
Injective (INJ) $ 22.12 1.08%
arbitrum
Arbitrum (ARB) $ 0.598004 1.47%
hedera-hashgraph
Hedera (HBAR) $ 0.057067 2.59%
mantle
Mantle (MNT) $ 0.629803 0.27%