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Lufthansa Boosts 2026 Fuel Cost Forecast
Lufthansa, the German airline company, lowered its adjusted operating profits in the second quarter of 2026 by more than half due to ongoing high fuel costs and geopolitical tensions. The company reported profits of 383 million euros, compared to 870 million euros in the same period last year, slightly surpassing expectations of 401 million euros. It also raised its full-year forecast for total fuel expenses to 8.66 billion euros, while warning that profit margins would continue to be under pressure due to fluctuations in global oil prices. Despite improvements in occupancy rates and higher yields on tickets, these enhancements were not enough to offset the impact of rising fuel prices, leading to a decline of more than 56% in Q2 profits. The results were also affected by strike days and approximately 3% operational losses. Lufthansa expects to achieve adjusted operating profits between 1.7 and 2.2 billion euros in 2026, amid ongoing market uncertainties and rising global flight costs.
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