After Years of Losses, Italy’s Airline Ita Airways Turns a Corner. Cautiously
Tamara Ceaikovski
Some call it the “Fiumicino miracle.” Ita Airways, Italy’s main airline, after losing € 866 million from its launch in October 2021 through December 31, 2024, posted a net profit of € 209 million last year. This is the best result in decades, including also the predecessor Alitalia. 2025, however, was a challenging year for Ita, with more than a quarter of its fleet grounded due to issues with next-generation engines. Joerg Eberhart, CEO and managing director who took the helm in mid-January
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