El Al said it would continue to make "operational and commercial adjustments" to its operations based on demand, adding that it is likely to cancel "many flights."

Israeli airline El Al is planning to place 80% of its 6,300 employees on unpaid leave as revenues drop amid the coronavirus outbreak, Israeli media reported.Some 600 of the airline's 650 pilots are among the 4,000 employees placed on leave by the company, according to Channel 12 News.

In a filing to the Tel Aviv Stock Exchange on Wednesday, Israeli airline El Al said the extension of self-quarantine requirements to all individuals arriving in Israel were expected to have "fundamentally adverse effect" on the company's operations.Prior to the announcement made by Prime Minister Benjamin Netanyahu on Monday night, El Al said it expected revenues between January and April to drop by $140 million-$160m.

The airline said it is now unable to estimate the extent of the damage.El Al said it would continue to make "operational and commercial adjustments" to its operations based on demand, adding that it is likely to cancel "many flights." Read more at JPost