Lufthansa Q2 profits slump amid volatile jet‑fuel prices, geopolitical headwinds

(Sharecast News) - German airline Deutsche Lufthansa reported a sharp drop in second‑quarter profits and cut its full‑year guidance on Tuesday, as volatile jet‑fuel prices and geopolitical disruption continued to weigh on continental carriers. Lufthansa said net income fell to €123m, down from €1.01bn a year earlier, well below analyst's expectations of around €328m, while adjusted underlying earnings slid to €383m from €871m, hit by roughly €750m in additional fuel costs and further pressure from strikes.

The Cologne-based firm now expects 2026 adjusted EBIT of €1.7bn to €2.2bn, narrowing its outlook from a previously more optimistic stance that anticipated a result "significantly above" last year's €1.96bn. Lufthansa stated kerosene‑price volatility remained the biggest uncertainty for the remainder of the year.

Revenues, on the other hand, rose 8% to €11.14bn, supported by resilient travel demand, though some analysts warned that the temporary boost European carriers received from Asia rerouting during the Iran war was begining to fade as Gulf capacity returns.

As of 1100 BST, Lufthansa shares were down 8.45% at €8.50 each.







Reporting by Iain Gilbert at Sharecast.com