Italian flag carrier ITA Airways has issued its latest financial results for the first half of 2024 which show an improved year-on-year position. At the same time, the Rome-based airline would be bringing back the iconic if not rather tarnished Alitalia brand to a limited degree over the coming months. 

The announcement was made at an event held at the company’s new offices in Milan on September 27, 2024, attended by Antonino Turicchi, the Chairman of ITA Airways, Andrea Benassi, the General Director, Claudio Faggiani, Chief Financial Officer, and Emiliana Limosani, the carrier’s Chief Commercial Officer.  

Presenting the Italian airline’s results for the first half of 2024 ending June 30, 2024. During the period, the company reported revenues of €1.4 billion ($1.54bn) representing an increase of €300 million ($333m) over the same period in 2023. Earnings before interest, taxation, depreciation, and amortization (EBITDA) reached €62 million ($68.2m), an improvement of €130 million ($144.3m) over the same period in 2023. Cash reserves reached €393 million ($436.23) which was a €31 million increase over June 30, 2023.  

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