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El Al Pilots Receive $67,600 Bonuses Amid Record Profits

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El Al Pilots Receive $67,600 Bonuses Amid Record Profits (Credit: jpost.com)

What’s happening

El Al Israel Airlines celebrated a monumental financial year in 2024, reporting a net profit of $545 million. The strong performance of the company led to generous compensation for its employees, particularly its pilots. As a result of a shared bonus totaling nearly $41 million, each pilot received an impressive bonus of approximately $67,600 (NIS 247,000).

Why it matters

This significant bonus distribution happens in an industry where stability is often uncertain, showcasing El Al’s successful navigation through challenges. The elevation in compensation represents an acknowledgment of the critical role that pilots and other staff play in the airline’s success and growth.

The big picture

The thriving financial health of El Al not only enhances the morale and satisfaction of its workforce but also becomes a beacon of prosperity for Israel’s broader business landscape. This robust performance reinforces the resilience and potential of key Israeli companies amid global competition.

By the numbers

A few details that highlight El Al’s significant year include:

What they’re saying

Sources from El Al hailed the bonus distribution as a productive outcome of earlier negotiations and a shared mechanism designed to enable all employees, regardless of level or role, to share in profit gains, expressing gratitude and hope for continued success.

This story was first published on jpost.com.

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