The power of a brand is one of the most difficult things to quantify in any business, and every company deciding to undergo a rebranding exercise always does it with a good dose of circumspection and fear. When the Italian flag carrier Alitalia decided to “retire” its brand in October 2021 as part of the salvage/takeover operation by Lufthansa there wasn’t much of a choice: operational discontinuity between the old and the new was a paramount need to get the approval from the European Commission so that the Italian Government could provide enough funds to convince the German carrier to take over the troubled Italian airline.
So the new ITA Airways brand was created, and the Alitalia brand, valued at 90 million Euros ($100.5m) during the liquidation procedure of the “old company,” was maintained by the new property and kept on ice.
On Friday [27 Sep 2024], during a presentation of the financial results for the first six months of 2024 in Milan, ITA Airways announced the reappearance of the old Alitalia brand, a symbol that used to have value in the early days of the jet era and during the first years of air transportation for the masses.
