Lufthansa Warns Profits Could Fall Amid Fuel Price Volatility
The carrier said it can pass on only about 60% of higher fuel costs and expects 2026 adjusted EBIT of €1.7 billion to €2.2 billion.
- 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.
53 Articles
53 Articles
Lufthansa Warns of Profit Risk as Jet Fuel Surge Roils Industry
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 Slashes Profit Outlook Over Jet Fuel Costs
Lufthansa slashed its profit outlook on August 4, citing soaring fuel costs linked to the war in the Middle East. The German flag carrier said it spent an extra 750 million euros ($864 million) on jet fuel during the second quarter of this year, resulting in a significant decline in its operating profit (adjusted EBIT) to 383 million euros ($441 million), down from 870 million euros ($1 billion) in 2025. “EBIT” stands for earnings before interes…
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 …
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