ITA six-month EBITDA at 62 mn, up 130%

(ANSA) - ROME, SEP 27 - ITA Airways on Friday posted six-month EBITDA of 62 million euros, up 130% on the first half of last year.
    Chairman Antonio Turicchi said that passengers grew to 8. 3 million (+26%).
    The group closed the first six months with revenues at 1.4 billion (300 million more than the same period of 2023) and an operating cash flow of 280 million and investments more than doubled to 256 million (+130%).
    Earnings reached almost 400 million (393 million), which "does not include the benefits of the financing operation on the aircraft, which brought 240 million dollars into the coffers," said CFO Claudio Faggiani, "thus bringing earnings close to 600 million at the end of August." The EBIT is still in the red by 88 million.
    General Manager Andrea Benassi added that Milan's Linate Airport was still strategic for the former Alitalia and "we are continuing to invest in it".
    In the first six months of 2024, ITA Airways laid on 150 daily flights from Linate and achieved revenues of 260 million (+20%) with 3 million passengers. (ANSA).