ITA Airways swings to positive EBITDA.

ITA Airways, the Italian flag carrier, reported a positive EBITDA of €70 million ($76 million) for 2023, a significant improvement from the previous year's loss of €337 million. The airline carried 14.8 million passengers, a 46.9% increase from 2022, and achieved a load factor of 79%. The EBIT loss narrowed to €75 million, with revenues of €2.4 billion, and the net loss improved by €481 million to €5 million. ITA Airways also exceeded its business plan projections for operating cash flow and ended the year with a cash balance of €450 million. The positive results were attributed to the efforts of the airline's staff. [Extracted from the article]

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