JERUSALEM, March 11 (Reuters) - El Al Israel Airways ELAL.TA stated on Wednesday the federal govern
JERUSALEM, March 11 (Reuters) – El Al Israel Airways ELAL.TA stated on Wednesday the federal government’s directive requiring anybody coming into Israel from overseas to stay 14 days in quarantine could have a big hostile impact on the corporate.
Israel’s flag service stated at this stag, it was unable to evaluate the extent of the influence and that it plans to proceed to make changes to its operations and community of routes in accordance with demand for flights.
El Al stated in a regulatory submitting in Tel Aviv it expects to cancel many extra flights.
On Sunday, El Al, which already suspended routes, cancelled flights and delayed the launch of latest routes to Chicago, stated it had anticipated a income decline between January to April of as a lot as $160 million.
It had projected an influence of as much as $90 million within the first quarter, with the income drop partly offset by decrease bills.
On Monday, Israel ordered anybody arriving from abroad to…