What will Lufthansa gain from acquisition of loss-making ITA Airways?

Tom Batchelor considers the ramifications of Lufthansa’s recent deal with ITA Airways

For more than a decade, the battle to be crowned Europe’s largest airline has been fought by two airline groups: Ryanair and Lufthansa. Since the 2008 financial crash, Lufthansa has claimed the top spot more often than the Irish low-cost carrier, but in recent years Ryanair has led the pack. That hierarchy looks set to continue in 2023. Still, Lufthansa is intent on growing its European footprint, including most recently through the acquisition of loss-making Italian flagship ITA Airways (Italia Trasporto Aereo), the successor of Alitalia.

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