ITA cites macroeconomic ‘deterioration’ as it posts €486 million net loss in 2022

ITA Airways Airbus A320neo

Source: ITA Airways

ITA Airways blames high fuel costs and ongoing effects of the pandemic for its €486 million ($527 million) full-year net loss in 2022, noting that the result was “consistent” with its “start-up status” in a weak market.

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