In a briefing to reporters today with the participation of the CEO of El Al and the company's vice presidents, the executives announced that the company is expected to raise the prices of flights so far sold at much lower prices than we were used to seeing before the Corona period.
The reasons for the expected rise in prices are high fuel prices, demand and more.
The company's captains also referred to the tough competition with the companies from the Gulf a few days before the arrival of the giant Emirates, which may change the map of the airport in Israel: "We are not afraid of competition and we have an excellent product, today. While the company that comes from the UAE does, it shortens their flight time to the east, lowers their flight costs and challenges us because the competition is unfair. In the US there is a law that forbids unfair competition in the aviation industry but here in Israel it does not happen unfortunately.
Kushner said at the time that Israeli airlines would be able to fly over Saudi Arabia, but we are already more than a year after the peace agreements and that is not happening yet. "
El Al CEO, Avigal Soreq, Photo: PR
The company's CEO commented on the company's situation and stated that the company is growing, the reasons for the increase in order and revenue numbers are mainly adult vaccines, expected children's vaccines, the improvement in epidemic treatment worldwide and the approval of foreign tourists entering Israel. Morbidity level in Europe, there is no slowdown in the rate of booking flights to continental countries and this is mainly due to learning to live alongside the corona.
As reported in recent weeks, El Al is in talks to acquire Arkia.
The company's executives explained that the main motive for the move is Arkia's ability to formulate vacation packages and organized trips, a product asked for does not excel at the moment and Arkia is considered a company that knows how to provide the product at a high level with excellent infrastructure in many destinations around the world.
The company did not comment at length on the expected closure of Sandor, which will cease operations on Saturday.
El Al recently parted ways with another 1,900 employees and is expected to reduce its fleet soon, as part of the efficiency plan.