From the Arutz 7 website (in Hebrew - couldn't find it on the English version):
https://www.inn.co.il/News/News.aspx/443429 Basically, 49 members of Knesset voted today, on an amendment to the law, that will exempt airlines from providing compensation to passengers, in the case where the flight is cancelled or changed to an earlier time.
This is NOT good for the consumers, but seems to basically give a free pass to El Al. At least some of the other carriers are governed by other rules.