ITA Airways presented its financial results for the first half of 2024 during a media event at its new offices in Milan, which accommodate both airline and Volare staff. Antonino Turicchi, President of ITA Airways, Andrea Benassi, Managing Director of ITA Airways, Claudio Faggiani, Chief Financial Officer of ITA Airways, and Emiliana Limosani, Commercial Director of ITA Airways and Managing Director of Volare, attended the event. Among the main topics discussed were updates on the airline’s activities in Milan and the strengthening of the Alitalia brand.
Results for the first half of 2024
The company’s board of directors met this morning to finalize the half-yearly consolidated accounts as of June 30, 2024. Among the main indicators, the company announced a turnover of 1.4 billion euros (+300 million compared to the first half of 2023), an EBITDA of +62 million euros (an increase of 130 million compared to last year), and cash reserves of 393 million euros (+31 million per report as of June 30, 2023).
The positive trend of 2023 continued over the first six months of 2024, with an average occupancy rate of 79%, an increase of 2 points per compared to 2023. ITA Airways transported more than 8.3 million passengers, an increase of 26%, and generated revenues 33% higher than last year. The company also recorded a rate of regularity of 99.84% and a rate of punctuality of 78.1%.
Milan at the center of the strategy
Highlighting the importance of Milan and Linate Airport in its strategy, the company also inaugurated its new Milan offices reserved for Volare staff and the ITA Airways commercial team.
These offices extend over 540 square meters with 58 workstations located in the WPP Tower, one of the most modern and emblematic buildings in Milan. Reflecting the company’s commitment to sustainability, these workspaces have achieved Leed Gold certification, are equipped with SIEMENS BMS, and have received APE A1 certification. Regarding Linate Airport, which is a central point for ITA Airways business travelers, the company plans to renovate and expand its lounge at Milan Airport to be able to accommodate up to 400 passengers every day .
Promote the Alitalia brand by the end of 2024
The visual identity of ITA Airways will be enriched by a historical element in homage to the country and its aeronautical heritage: ITA Airways, “inspired by Alitalia”. The Alitalia brand, an essential asset of ITA Airways, will be highlighted. From the end of the year, the Alitalia logo will appear alongside that of ITA Airways on certain strategic points. Alitalia, pioneer of excellence in air transport and ambassador of Made in Italy, inspired ITA Airways, which will continue to maintain its distinct identity since October 15, 2021 while developing its presence in key markets.
“The figures from the half-yearly report approved today confirm the growth underway since last year, with results higher than the first six months of 2023,” said Antonino Turicchi, president of ITA Airways. “We are also delighted to have opened our new offices in Milan, highlighting the importance of this city and of Linate Airport, where we will renovate our lounge next year.” Finally, we proudly presented the project to promote the Alitalia brand, completing our ‘ITA Airways’ logo to reinforce its globally recognized values of excellence in air transport.”
Text and visuals provided by the ITA Airways press service in France.
Related News :