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The Latest Breaking News from ITA Airways

Lufthansa to take majority control of Italy’s ITA Airways in €325mn deal

Lufthansa, one of Europe's top airlines, announced Tuesday its intention to expand its current minority stake in Italy's ITA Airways to 90%.

Euronews

ITA Airways to raise ticket prices, sees no flight cuts from fuel costs

ITA Airways will not cut flights despite rising jet fuel costs, with 80% of its 2026 needs hedged. The airline plans a 5% to 10% fare increase this year to offset higher expenses. CEO Joerg Eberhart indicated that Lufthansa's decision to increase its stake in ITA is pending.

The Economic Times

Lufthansa Group cancels 20,000 flights as jet fuel prices soar

The group, which includes Austrian Airlines, Brussels Airlines, ITA Airways and SWISS, said it has focused cuts on "unprofitable short-haul flights" through to October.

Euronews

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Combined air-rail tickets: How to fly, ride and explore Europe on one booking

Booking a train ticket through your airline can take all the hassle out of onward travel, and will ensure you’re protected when things don’t go to plan.

Euronews

Pope Leo says aerial bombing should be banned in fresh condemnation of war

Pontiff tells Italian airline staff planes ‘should always be carriers of peace, never of war’

The Guardian - UK

Airport strikes in Italy could cause flight chaos next week

The Italian government is attempting to negotiate with unions

The Independent UK

Air France-KLM to take majority control of Scandinavian airline SAS

The Franco-Dutch airline is looking for consolidation options to help it compete with rivals.

Euronews

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Strikes Hit Lufthansa Profits, Olympics Dent Air France

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year.

International Business Times

German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033

German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier

The Independent UK

Alitalia will lay off over 2,000 remaining employees as liquidation nears

Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees

The Independent UK

ITA Airways Suspends Tel Aviv Flights Over Security Concerns

ITA Airways suspends flights to Tel Aviv amid security concerns, in line with other airlines' actions in response to Middle East tensions.

Top News

Lufthansa Doubles Profit In 2023, But Strikes Cast Shadow

German airline giant Lufthansa more than doubled its profits in 2023, extending a rebound from the coronavirus pandemic even as it faces fresh risks from a wave of industrial action.

International Business Times

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International Business Times

EU Probes Lufthansa's Proposed Buy Of ITA Stake

The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition.

StockNews.com

3 Airline Stocks to Watch and Potentially Buy Today

The airline industry is well-positioned for substantial profitability this year as consumers embrace air travel again following a pandemic-induced slump. Amid this backdrop, it could be wise to add fundamentally sound airline stocks Deutsche Lufthansa (DLAKY), Air Canada (ACDVF), and Air France (AFLYY) to your watchlist today. Read on….

The Independent UK

German airline Lufthansa signs deal for minority stake in Italy's struggling ITA Airways

German airline Lufthansa on Thursday signed a deal with the Italian government for a minority share in the long-struggling ITA Airways, formerly Alitalia

Reuters

Italy to decide fate of top Treasury officials on Jan. 19, sources say

Italy's cabinet is likely to decide on Jan. 19 the fate of two influential Treasury officials, sources said, with nationalist Prime Minister Giorgia Meloni seen as pushing to appoint figures closer to her right-wing administration in key jobs.

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Reuters

ITA Airways investigates ground collision at New York's JFK airport

Italy's ITA Airways said on Thursday it had launched an investigation into a ground collision involving one of its aircraft at New York's John F. Kennedy International Airport - the second such incident in less than a year.

The Times of India

Roman holiday: ITA Airways starts Delhi-Rome nonstops; India-Italy connectivity to get major boost soon

NEW DELHI: India-Italy connectivity is all set to get a big boost. Erstwhile Italian carrier Alitalia’s successor ITA Airways has started its nonstop between Delhi and Rome Fiumicino.

The Independent UK

Which Italy flights are affected by strikes this weekend?

EasyJet has cancelled around 200 flights amid strike disruption

Reuters

Factbox-As Italian PM Draghi resigns, what risks being left undone?

Italian Prime Minister Mario Draghi resigned on Thursday after his national unity government fell apart, setting the country on course for an early election in September or October and hitting financial markets.

Reuters

Factbox-What risks being left undone in Italy government crisis?

Italian Prime Minister Mario Draghi is due to address parliament on Wednesday to clarify his position after the president rejected his resignation last week.

Daily Mirror

Pilots who ‘fell asleep’ while flying plane sparked fears of terrorist hijacking

The pilot claimed the 10-minute blackout in communications was down to an equipment failure, but an internal investigation by the airline cast doubt on this

Benzinga

AerCap Inks Lease Agreements For 12 Aircraft With ITA Airways

AerCap Holdings N.V. (NYSE:AER) has signed lease agreements for ten new Airbus A320neo aircraft and two new Airbus A330neo aircraft with ITA Airways. Deal terms not disclosed. The aircraft are scheduled to deliver beginning in 2023 through 2024. “These aircraft will enable ITA Airways to expand its network, whilst advancing its commitment to…

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