Ita Airways: third-quarter revenue at 995 million (+6 per cent), EBIT in line at 94 million

(Il Sole 24 Ore Radiocor) - Ita Airways has closed the third quarter with revenue of 995 million, up 6 per cent on the corresponding period in 2025. EBIT (operating profit) stood at 94 million euros, in line with last year. Over the first nine months, revenue exceeded 2.5 billion, representing a 4 per cent increase compared with the same period in 2025. EBIT stands at a profit of 98 million euros, an increase of 65 per cent. The positive operating results, the statement notes, come against a backdrop characterised by persistent geopolitical tensions and rising jet fuel costs, factors which have impacted the aviation sector during the period and which the company has managed to mitigate by hedging over 80 per cent of its fuel requirements for the current year. The net profit continues to be affected by the euro-dollar exchange rate, against a backdrop of a weak euro. These effects are attributable to the accounting adjustment of liabilities and receivables denominated in foreign currencies, predominantly US dollars, to end-of-period exchange rates.

The impact of exchange rate fluctuations constitutes a non-operating component of the result, distinct from the performance of core operations, which showed a positive EBIT both for the quarter and for the first nine months.

Com-Sim