Lufthansa trims outlook on fuel costs after third-quarter profit meet expectations
The airline said fuel costs will rise by €2 billion as it narrows 2026 profit guidance, even after quarterly profit beat forecasts.
- 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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72 Articles
Lufthansa latest airline to flag ticket price hikes amid Iran war energy shock
Frankfurt – Lufthansa on Tuesday became the latest airline to warn that ticket prices will rise further, as it forecast a two-billion-euro ($2.2 billion) jump in annual fuel costs due to the Middle East conflict. It came a day after Irish no-frills carrier Ryanair said it would raise prices and launch a cost-cutting drive, as the US-Israeli war on Iran keeps global energy costs elevated. The conflict, which started in February, has led to the ne…
Lufthansa is increasing its profit in the third quarter, despite the fact that it has to pay more than half a billion euros for additional kerosene costs. For the coming year, Group CEO Carsten Spohr announces even higher costs and thus higher ticket prices.
Deutsche Lufthansa recorded an increase in net profit in the third quarter, as strong demand and cost discipline more than compensated for the high fuel prices. Exclusive material for subscribers. To have full access, access the link of the material and register.
Future shareholder of the TAP presents profit of 715 million euros in the third trimester, a decrease of 35% compared to the homologous period. Revenues between July and September rise to 12,2 billion euros, the largest volume of revenues of history. Increase of the fuels adds more than half billion euros to the costs
In the coming year, prices for air tickets are expected to rise significantly in order to pass on the high cost of kerosene.
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