For the first time in the black: ITA Airways closes 2024 with positive EBIT
The company reports 3 million euros in operating profit and improves all key economic and operational indicators. Passengers, revenues and fleet grow. Good start to 2025 as well.
ITA Airways
ITA Airways closed an operating profit year for the first time in its history, with a positive EBIT of 3 million euros in 2024, improving by 78 million from the previous year. The result came ahead of Business Plan forecasts and without yet benefiting from synergies with the Lufthansa Group.
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The consolidated financial statements approved by the Board of Directors on March 27 certify a strong improvement in the company's economic and operational performance: revenues up 26% to 3.1 billion euros, positive EBITDA of 337 million euros and net income still in the red by 227 million, affected by currency effects and financial charges related to new fleet leases.
During the year, ITA Airways operated about 138 thousand scheduled flights (+11%) carrying about 18 million passengers (+19%), increasing its market share especially in domestic. The fleet reached 99 aircraft (including the new generation 65%) thanks to the entry of 26 new aircraft.
"Achieving positive EBIT is a historic achievement which testifies to the company's transformation from a start-up to a solid and growing operator," said Joerg Eberhart, CEO and DG of ITA Airways. According to the manager, the prospects for a sustainable breakeven in net income are real, especially with the activation of synergies with Lufthansa.
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In the first quarter of 2025 growth continues: revenues at 600 million (+15% over 2024), 3.7 million passengers (+1%) and load factor at 81% (+4 percentage points). Punctuality (87.9%) and regularity (99.6%) figures are also excellent, placing ITA among the top three European carriers. "The virtuous path begun in 2021 is bearing fruit," commented President Sandro Pappalardo, "and we will continue to work to make the country proud of our company.
