El Al is one of the Israeli economy’s most significant corporate casualties from COVID 19 and will not survive without state assistance, says its chief executive Gonen Usishkin, as the firm announced a $60 million net loss for 2019. “We asked the Israeli government to assist El Al as most countries in the world have done. In the last two months the Company’s management team has been working around the clock to implement a series of operational and financial measures aimed to reduce the Company’s expenses. We established a streamlining program to allow the Company to operate in the coming
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