What is Lufthansa's updated 2026 adjusted EBIT forecast, and how does it compare to its prior guidance and the previous year's result?

Lufthansa forecasts its 2026 adjusted earnings before interest and tax (EBIT) to be €1.7 billion to €2.2 billion ($2.0 billion to $2.5 billion), which is below its earlier projection of 'well above' the previous year’s €1.96 billion. This revised outlook reflects the significant impact of higher fuel costs linked to the U.S.-Iran war, contributing to a more than 50% drop in second-quarter adjusted EBIT to €383 million from €870 million a year earlier — missing analysts’ consensus of €401 million.

How is Lufthansa responding operationally to rising fuel costs and geopolitical uncertainty, and what specific aircraft are being retired or grounded?

To mitigate rising fuel costs and geopolitical volatility, Lufthansa plans to retire or temporarily ground fuel-intensive aircraft, including the early retirement of Airbus A340-600s and the temporary grounding of two Boeing 747-400s starting with the winter flight schedule. The airline also reported a 3% capacity reduction in Q2 — partly due to April strike days — though full-year capacity remains broadly flat. Additionally, 86% of its 2026 fuel needs are hedged, and fuel supplies are expected to remain stable, according to CEO Carsten Spohr.

Lufthansa Warns Profits Could Fall Amid Fuel Price Volatility

Aug 3, 2026

Lufthansa warned its operating profit could fall this year after Q2 earnings halved due to surging fuel costs linked to the U.S.-Iran war. Shares dropped over 10% as investors reacted to the uncertain outlook and rising unit costs.

reuters

2026-04-13

Lufthansa Braces for Jet Fuel Crunch, Higher Costs May Force Fleet Cuts

2026-08-03

Lufthansa Warns Profits Could Fall Amid Fuel Price Volatility

Lufthansa Warns Profits Could Fall Amid Fuel Price Volatility

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