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The Latest Breaking News from ITA Airways

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

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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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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.

International Business Times

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….

StockNews.com

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

The Independent UK

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.

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.

Reuters

Which Italy flights are affected by strikes this weekend?

EasyJet has cancelled around 200 flights amid strike disruption

The Independent UK

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

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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…

Benzinga

Delta, Air France-KLM Express Interest In ITA Airways: Reuters

Delta Air Lines Inc (NYSE:DAL) and Air France-KLM (OTC:AFRAF) have expressed interest for a majority stake in ITA Airways, Reuters reported. The expression of interest was presented to Italy's government in a letter, with another international fund also expressing the same. The move comes after Germany's Deutsche Lufthansa AG (OTC:DLAKF), along with shipping group MSC,…

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The Independent UK

MSC Group, Lufthansa partner in bid for Italy's ITA Airways

The parent group of MSC Cruises is partnering with Lufthansa in a bid for a majority stake in Italy’s ITA Airways

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