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ITA Airways Reports $3.5B Revenue But Ends 2024 In Loss

ByAdmin

ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.

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Aegean Reports 9M 2024 Revenue Growth Despite Profit Decline

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Transavia Enhances Fleet with Three A320s on Lease

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Lufthansa Plans More Sale/Leaseback Deals to Raise Liquidity by 2024 End

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Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…