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Israel’s antitrust body plans to fine El Al $39 million for inflated fares during the Gaza war, citing monopoly-like control and excessive price hikes.
Israel’s Competition Authority plans to fine El Al $39 million for charging excessive fares during the Gaza war, citing a 16% average price increase and up to 31% on some routes, as the airline held a near-monopoly on 38 of its 53 routes after foreign carriers suspended flights.
The authority argues the pricing was unfair given the lack of alternatives and high demand during a national emergency.
El Al denies the allegations, calling the findings flawed and plans to contest them in a formal hearing.
The fine, the maximum allowed, is pending final approval.
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El organismo antimonopolio de Israel planea multar a El Al con 39 millones de dólares por las tarifas infladas durante la guerra de Gaza, citando un control similar al monopolio y alzas excesivas de precios.