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Lufthansa trims outlook on fuel costs after third-quarter profit meet expectations
The airline said fuel costs will reach €9.3 billion and operating profit will fall to €1.7 billion to €2 billion as demand stays strong.
- On Tuesday, German airline group Lufthansa reported a third-quarter operating profit of €1.4 billion , exceeding analyst estimates as sales advanced 9 per cent to 12.24 billion euros.
- Chief Executive Carsten Spohr said strict cost discipline helped offset approximately 543 million euros in increased fuel costs, while strong demand for premium tickets on routes to Asia and North America boosted yields 7 per cent.
- While the cargo unit tripled its operating profit and maintenance units grew more than 50 per cent, the flagship airline faced high expenses, crew walkouts, and unprofitable short-haul operations that offset gains elsewhere.
- Spohr trimmed the 2026 operating profit forecast to between €1.7 and 2 billion from an earlier range of €1.7 to 2.2 billion, cautioning that 2027 will be 'another year of transformation.'
- Lufthansa is shifting capacity to lower-cost carriers Discover and City Airlines while expanding its portfolio after winning a bidding war against Air France-KLM to acquire a minority stake in Portuguese airline TAP.
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Lufthansa says 2026 fuel costs to be 2 bn euros higher amid Iran war
Releasing third quarter results, the group predicted its fuel bill across the full year will come in at 9.3 billion euros. That is 600 million higher than it had anticipated just a few months ago, as the US war against Iran drags on. The group, which also operates carriers including Swiss, Brussels and Eurowings, also slightly downgraded its forecast for core profit to a range of between 1.7 and 2.0 billion euros for 2026. Previously it predict…
·Issy-les-Moulineaux, France
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Lufthansa, Europe's leading air transport group, was able to offset the energy bill boosted by the kerosene outbreak and recorded a sharp increase in its third quarter results over a year thanks to cost containment and high demand for flights.
·Paris, France
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Total News Sources41
Leaning Left2Leaning Right7Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
C 53%
R 37%
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