Latest news with #ITAAirways
Business Recorder
a day ago
- Business
- Business Recorder
Lufthansa reports higher-than-expected Q2 earnings
BERLIN: Lufthansa on Thursday reported better second-quarter results than expected, boosted by low oil prices and currency effects, and confirmed its full-year guidance. The German airline group reported an operating profit of 871 million euros ($995.29 million), compared with 805 million euros expected, according to an analyst poll compiled by Lufthansa. That's up 27% compared with 686 million euros reported in the same quarter last year. The company said the improved earnings were mainly due to its expanded flight programme in the passenger business, the positive effects from its investment in Italy's ITA Airways and a doubling in the operating result in its logistics segment. Lufthansa also said demand in the United States remained strong despite the weakness of the U.S. dollar. Europe's major airlines are cautiously observing for a possible dip in transatlantic travel as European travellers have shied away from booking trips there this year. A number of U.S. airlines, including Delta, pulled their outlooks this spring on the back of weakening travel demand after U.S. President Donald Trump's administration announced tariffs, denting business and consumer confidence. European airlines, however have remained more optimistic to date.
Business Times
a day ago
- Business
- Business Times
Lufthansa reports higher-than-expected Q2 earnings
[BERLIN] Lufthansa on Thursday reported better second-quarter results than expected, boosted by low oil prices and currency effects, and confirmed its full-year guidance. The German airline group reported an operating profit of 871 million euros (S$1.29 billion), compared with 805 million euros expected, according to an analyst poll compiled by Lufthansa. That's up 27 per cent compared with 686 million euros reported in the same quarter last year. The company said the improved earnings were mainly due to its expanded flight programme in the passenger business, the positive effects from its investment in Italy's ITA Airways and a doubling in the operating result in its logistics segment. Lufthansa also said demand in the United States remained strong despite the weakness of the US dollar. Europe's major airlines are cautiously observing for a possible dip in transatlantic travel as European travellers have shied away from booking trips there this year. A number of US airlines, including Delta, pulled their outlooks this spring on the back of weakening travel demand after US President Donald Trump's administration announced tariffs, denting business and consumer confidence. European airlines, however have remained more optimistic to date. REUTERS
Reuters
2 days ago
- Business
- Reuters
ITA Airways business plan targets long-haul growth, deeper Lufthansa ties
ROME, July 30 (Reuters) - The board of ITA Airways has approved a 2026-2030 business plan focused on long-haul expansion, fleet renewal, and closer integration with shareholder Lufthansa ( opens new tab, it said in a statement on Wednesday. The Italian carrier, majority-owned by the government and 41% by Lufthansa ( opens new tab, aims to launch more intercontinental routes from Rome, targeting North America, South America, Asia, and Africa to boost tourism and trade. The airline also plans to modernize its fleet, adding one new long-haul aircraft per year from 2026, with the goal of operating around 100 next-generation jets by 2030. ITA expects deeper synergies with Lufthansa, including joining Star Alliance in 2026 and participating in joint ventures for transatlantic and Japanese routes. "We are laying the groundwork to continue being Italy's reference carrier with a strategic role for the national economic system and to increase connectivity with the rest of the world," said chairman Sandro Pappalardo. ITA CEO Joerg Eberhart said the strategy would create jobs and generate a positive economic impact for the air transport industry.
Arab News
21-07-2025
- Business
- Arab News
ITA Airways expands global network with strategic growth in Middle East
ITA Airways, Italy's national flag carrier, continues its ambitious international expansion strategy by reinforcing its presence in the Middle East— one of the world's fastest-growing aviation markets. With the recent launch of new nonstop routes to key destinations across the Gulf region, the airline is connecting Italy with high-potential international markets, supporting trade, tourism, and cultural exchange. These new routes mark a significant step in ITA Airways' long-term vision to establish Rome Fiumicino as a major intercontinental hub. Operated by the cutting-edge Airbus A321neo, the Middle Eastern routes offer passengers a refined travel experience with a three-class cabin configuration — Business, Premium Economy, and Economy. The aircraft also underscores ITA Airways' sustainability mission, delivering over 20 percent lower fuel consumption and carbon emissions per seat, along with a 50 percent reduction in noise impact compared to previous-generation models. Passengers flying to and from the Middle East benefit from seamless connections across ITA Airways' growing network, covering Europe, the Americas, and North Africa, supported by optimized transit through Rome Fiumicino Airport. Further enhancing the customer journey, ITA Airways recently unveiled its new premium Runway Lounge at Milan Linate Airport — an elegant space that embodies Italian design and excellence. Developed in collaboration with iconic Italian brands such as Campari Group, illycaffè, iGuzzini, and Poltrona Frau, the lounge offers a luxurious and uniquely Italian ambiance. To celebrate the launch, a fashion show curated by Italian label Silence Please featured designs inspired by ITA Airways' intercontinental destinations, reinforcing the brand's connection to Italian creativity and global elegance. Commenting on the expansion, Jörg Eberhart, CEO of ITA Airways, said: 'Our growing footprint in the Middle East is a clear reflection of our long-term commitment to building sustainable and meaningful connections between Europe and this dynamic region. ITA Airways is dedicated to providing a premium and authentically Italian travel experience, supported by a modern fleet and seamless global connectivity. These new routes go beyond commercial value — they represent a vision of smarter, more connected travel that brings people, cultures, and economies closer together.' As part of its broader growth strategy, ITA Airways continues to invest in fleet renewal, aiming for 90 percent of its aircraft to be next-generation models by 2027 — making it one of the youngest and most environmentally responsible fleets in Europe. Backed by the Ministry of Economy and Finance of Italy and Deutsche Lufthansa AG, ITA Airways is steadily establishing itself as a key player in global aviation, driven by innovation, sustainability, and an unmistakable Italian style.
National Post
14-07-2025
- Business
- National Post
Air Canada and ITA Airways sign deal increasing options for travel to Italy
MONTREAL — Air Canada and Italian airline ITA Airways have signed a new codeshare agreement, increasing travel options between Canada and Italy. Article content Under the agreement, Air Canada will place its AC code on select routes operated by ITA Airways from Rome's Fiumicino airport. Article content The flights include five destinations in Italy, three in Africa as well as Tirana, Albania, and Tel Aviv. Article content
