ITA Airways Fares Could Rise 10% as Fuel Shock Tests Lufthansa’s Italy Bet
ITA Airways is set to bump up ticket prices by somewhere between 5% and 10% this year as it grapples with surging jet fuel expenses, CEO Joerg Eberhart said. Still, there’s no intention to reduce flights, Eberhart emphasized. According to him, the airline has already locked in about 80% of its fuel requirements through the rest of 2026. “Fuel now costs twice as much as it did before the crisis,” Eberhart cautioned. An ill-timed squeeze for Lufthansa Group: on Wednesday, the airline flagged a 1.7 billion euro hit for the year, blaming the Middle East crisis for driving up kerosene prices. Demand for travel hasn’t budged. Most commercial planes run on kerosene, the company noted.