Lufthansa Finalizes ITA Airways Acquisition, Ticket Prices Expected to Rise
The German airline secures a 41% stake in ITA Airways with plans for full ownership, while passengers face higher fares due to rising costs.
- Lufthansa has acquired a 41% stake in ITA Airways, the successor to Alitalia, for €325 million, with plans to fully own the airline in the future for a total of €829 million.
- CEO Carsten Spohr announced that ITA will be integrated into Lufthansa's operations, with shared frequent flyer programs and coordinated flight schedules.
- Ticket prices for ITA and other Lufthansa flights in Europe are expected to increase due to rising operational costs and the company's focus on achieving profitability.
- The acquisition includes operational changes, such as ITA flights being handled at Lufthansa's terminals in Frankfurt and Munich starting in March 2025.
- The European Commission required ITA to relinquish some airport slots to competitors like EasyJet as part of the deal to address competition concerns.