Israel’s national airline, EL AL, is expected to be hit with tens of millions of shekels in fines over allegations that it price-gouged passengers during Israel’s two-year war against Hamas.
The impending penalty follows a months-long investigation by Israel’s Competition Authority, which concluded that EL AL sharply raised fares while operating as a virtual monopoly after most foreign airlines suspended flights to and from Israel during the fighting. With demand soaring and alternatives disappearing, ticket prices climbed to record highs, fueling public outrage and political pressure.
Mussar Haskel: Capitalism - the most successful economic system in history - is predicated on self interest. That is why it is so successful. Remember that in every transaction you have with another - his self interest is paramount in his mind.
Unless he is someone like the Chofetz Chaim or R' Aryeh Levin.
Had I understood that lesson early in life I would have saved myself a tremendous amount of money and aggravation.