Today (Friday) in a statement issued on behalf of El Al, it is stated that “The company is honored to announce that on April 3, 2023 and on April 4, 2023, the audit and compensation committee and the company’s board of directors, respectively, approved the cancellation of the previous decision, thereby ending the reduction for all office holders as detailed In the previous decision, and this against the background of the recovery of the aviation world in general and society in particular, from the corona virus crisis.”
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In fact, with El Al’s announcement, it is returning the salary of the company’s executives, which it cut during the crisis that hit the world of aviation and tourism with the corona virus, to its original state, after lowering the salaries of the executives by 20%.