The Board of Directors of ITA Airways has approved the consolidated semi-annual financial statements as of June 30, 2024. Among the key performance indicators, the company reported revenues of €1.4 billion (+€300 million YoY), an EBITDA of over €62 million (+€130 million YoY), and a cash balance of €393 million (+€31 million YoY).

In the first six months of 2024, the airline transported over 8.3 million passengers (+26% YoY), achieving an average load factor of 79%, up by 2 percentage points compared to the same period in 2023. This allowed ITA Airways to generate 33% more revenue than in 2023.

“Based on the plan agreed between the Ministry of Economy and Finance (MEF) and Lufthansa, we confirm that a return to profitability is expected in 2025,” stated Emiliana Turicchi, Chief Commercial Officer of ITA Airways and CEO of Volare.

ITA Airways is increasing its focus on Milan by opening new offices, emphasizing the strategic importance of the Lombardy region. Currently, 75% of its revenues come from Italy, and Linate Airport has proven to be crucial for both business and leisure travel. With revenues reaching €370 million in 2024 (a 20% increase compared to the previous year), the airline plans to continue investing in Linate, including the opening of a new 400 sqm lounge within the first three months of 2025.

As part of its investment plan, ITA Airways will complete the process of replacing its aircraft, aiming for a fleet that is 97% new generation by 2027. Furthermore, to strengthen its ties with Italy, ITA Airways will feature the Alitalia brand alongside its own at major touchpoints across the airline.