Deep Dive: Is ITA Airways Meeting Its Targets?

ITA Airways, the successor to the loss-making Alitalia since 2021 and partly owned by the Lufthansa Group, reported its first net profit

in its history in 2025 and its second year with positive EBIT. Yet there is work to do to bring ITA to sustainable, stable profitability levels. Where does the airline stand after 4.5 years, and what lies ahead?

Italia Trasporto Aereo (ITA) Airways was established in October 2020 and commenced services on October 15, 2021. Leaner and meaner, and without the heavy debts to which Alitalia had become accustomed over the previous decades (€5.530 billion since 2005…), ITA represented a new start to commercial aviation in Italy. The government still supported the airline with €1.35 billion in fresh capital to fund investments in new Airbus aircraft that were either leased or on direct order.