Lufthansa sets 2026 profit forecast after Q2 EBIT hit by fuel costs
- It now expects an adjusted EBIT of €1.7 billion to €2.2 billion ($1.96 billion-$2.53 billion)
FRANKFURT: German airline Lufthansa on Tuesday set a range for its 2026 adjusted operating profit (EBIT), after that figure more than halved in the second quarter due to higher fuel costs.
It now expects an adjusted EBIT of €1.7 billion to €2.2 billion ($1.96 billion-$2.53 billion), citing heightened uncertainty from high kerosene price volatility.
“Today, we reflect on a challenging second quarter that was once again marked by multiple geopolitical crises and uncertainties,” Chief Executive Carsten Spohr said in a statement.
“Despite our further improvement in load factor and a significant increase in yield, we were unable to fully offset the considerable rise in fuel costs.”
Lufthansa had previously forecast for the number to come in significantly above the prior year level of €1.96 billion. Adjusted EBIT fell to €383 million in the second quarter from €870 million a year earlier.
That was slightly down from €401 million projected by analysts in a company-compiled consensus.
The company now expects fuel costs at €8.66 billion.
Capacity was also down around 3%, in part due to strike days, but capacity planning for the year remains unchanged, the company said.
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