Posted on 12/24/21
| News Source: i24
El Al announced third-quarter losses of $136 million, a 69 percent drop from the previous quarter
As the rate of Covid cases in Israel is at its highest since October, measures to curb the outbreak of the latest variant omicron are having troubling effects on the travel industry.
Israel continues to add countries to its list of banned travel destinations in an effort to combat the spread of Covid, to the dismay of the Jewish state’s national airline El Al which recently announced third-quarter losses of $136 million - a 69 percent drop from the previous quarter.
Stanley Morais, Deputy Director of International Affairs at El Al, spoke with i24NEWS about how the airline is responding to and coping with the restrictive measures.
“We didn’t expect this situation, especially at this time of year. We expected a big flow of tourists coming in, Jewish communities from abroad as well as Chrisitan communities,” Morais said.