LY just announced they are extending unpaid leave of its employees until June 30th
(Bloomberg) --El Al Israel Airlines extends unpaid leave for staff to June 30, according to filing to Tel Aviv Stock Exchange.
Some 6,000 employees are currently on unpaid leave
CEO says in letter to employees that company doesn’t expect to begin a substantial number of passenger flights until July
Government and banks have conditioned the granting of credit on the signing of a labor agreement based on a “painful” efficiency program that has been formulated: CEO
Israel’s main international airport expects 6 million travelers in 2020, compared with the original forecast of 25 million for the year: CEO
Forecast for 2021 is for about one-third of the normal capacity