Lufthansa Warns Profits Could Fall Amid Fuel Price Volatility
The airline said fuel costs added about €750 million and strike action cut second-quarter earnings by €200 million.
- On Tuesday, German airline Lufthansa set a 2026 adjusted EBIT range of $1.96 billion to $2.53 billion after second-quarter profits halved due to rising fuel costs tied to the US-Iran war.
- Chief Executive Carsten Spohr cited "multiple geopolitical crises and uncertainties" for the difficult quarter, noting the airline could not fully offset surging fuel costs despite improved load factors.
- Adjusted EBIT fell to €383 million in the second quarter from €870 million a year earlier, while Lufthansa reduced capacity by 3% due to April strike days.
- To limit exposure to unhedged fuel costs, Lufthansa plans to retire fuel-intensive Airbus A340-600 aircraft and temporarily ground Boeing aircraft beginning in the winter flight schedule.
- While 86% of Lufthansa's fuel needs for this year are hedged, European competitors including British Airways-owner IAG and Air France-KLM face similar challenges from the war's impact.
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44 Articles
Lufthansa shares nosedive as Germany's biggest airline cuts outlook on Mideast war
German aviation group Lufthansa said Tuesday that volatile jet fuel costs thanks to the Mideast war could mean that it makes less this year than last, sending its shares down sharply.
Especially the expensive fuel as a result of the Iran war caused a drastic fall in profits at Lufthansa in the second quarter. Customers have to adjust to rising ticket prices.
Lufthansa Group pays over 3/4 of a billion extra for Q2 fuel
Lufthansa Group paid over three-quarters of a billion dollars extra for fuel during the second quarter in 2026, severely hampering its profits compared to last year. On August 4, 2026, Lufthansa Group said that the “primary drivers of the earnings decline were fuel costs” with costs rising to around $863 million (€750 million) against the same three months in 2025. “Today, we reflect on a challenging second quarter that was once again marked by …
German airline group Lufthansa's adjusted operating profit fell by 56 percent year-on-year to 383 million euros (9.26 billion crowns) in the second quarter of this year. Turnover fell by eight percent to 11.1 billion euros. The company said this in a press release on Tuesday. The company estimated additional costs due to the increase in fuel prices due to the US-Israeli attack on Iran at 750 million euros for the second quarter. Employee strikes…
Lufthansa Expands Business Class Seat Fees To A380: Sitting By The Window Will Now Cost You
When Lufthansa introduced its new Allegris business class, the airline also started charging for seat assignments in business class. The logic was that Allegris offers customers a choice of seating options, and that comes at a cost. Well, Lufthansa has now expanded the concept of charging for seat assignments in business class on long haul flights beyond Allegris, as you’ll now find seat fees on the carrier’s reconfigured (but not with Allegris)…
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