Israeli Airlines (Tase: ELAL) achieved a dream year in 2024, which made a clear profit of $ 545 million, and CEO Dina Bin Till Gansia witnessed the increase in the cost of her compensation by 10 % to 6.3 million New. This consists of a salary of 2.3 million NIS, a reward of 3.6 million NIS, and the stock -based compensation of 600,000 NIS.
The company's president, Amikam Bin Zivi, also benefited from a wonderful compensation leap, by about 29 %, to 5.4 million New. This consists of a salary of 2.1 million NIS, a reward of 2.9 million NIS, and the stock -based compensation of about 500,000 NIS.
Senior managers were dealt with in El Al. Ronen Galperin, CEO of Matmid Developer Flyer Club, enjoyed compensation for 4.1 million New; The cost of compensation for VP operations, Hovav Ben-David was 3.4 million NIS; VP sales and tourism Yarom Vadish 3.3 million NIS.
It was not the senior management that benefited from a significant increase in wages. EL has four unions: pilots, maintenance, wise aviation, and managers. They participated in a huge reward based on profit before the tax of $ 2024 million, which amounted to $ 104 million (a small part of which goes to the rewards of senior managers), 5.5 times the reward in 2023. In 2022, the employees did not receive a bonus at all.
The highest bonus went to the pilots: 6 % of pre -tax profit, or approximately $ 41 million. EL used about 600 pilots at the end of 2024, each of them got a reward of $ 67,600 (247,000 NIS at the current exchange rate).
The remaining workforce consists of aviation rulers (1,363); Service workers (1470), maintenance workers (1083), and others (1,018). The company's compensation account for 2024 reached 617.7 million dollars, or more than 14 % for 2023.
EL employees receive an impressive beneficial benefits package that includes, for example, flights at the expense of the company or a 90 % discount for the pilot and family. The list of benefits also includes contributions to car licensing fees, tuition fees, car maintenance, phone, uniform cleaning costs, tooth insurance, nursing care insurance, payment of “additional hours” (in addition to additional work), and more.
Speaking to “Globes”, the sources said at El Al, “in 2018, when we negotiated with the company, the highest profit was published at that time 70 million dollars, and so when we complied with the rewards, we knew that the company did not have profits, and we wanted to benefit from any profits, and if this colloquial, there was this year, and because we wanted to do so, and we would benefit from that.
It was published by Globes, Israel Business News – En.globes.co.il – on March 12, 2025.
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