Lufthansa Group achieved its highest revenue ever in 2025, reaching €39.6 billion, a five percent increase from €37.6 billion in 2024. Adjusted operating profit rose 20 percent to €2 billion, lifting the operating margin to 4.9 percent from 4.4 percent.
The group transported 135 million passengers, up three percent year-over-year, with capacity expanding four percent and seat load factor hitting a record 83.2 percent. Passenger airline revenue grew three percent to €30.1 billion, yielding €1.1 billion in adjusted EBIT. Newly integrated ITA Airways contributed €90 million.
Lufthansa Airlines, the core brand, improved its annual result by €250 million, achieving a 0.9 percent adjusted EBIT margin through its Turnaround program. This initiative, encompassing 700 measures including fleet modernization with Boeing 787s and operational reforms, targets €1.5 billion in gross earnings effects for 2026, rising to €2.5 billion by 2028.
Lufthansa Cargo boosted operating profit 30 percent to €324 million, driven by strong Asian routes. Lufthansa Technik secured €8.8 billion in new maintenance contracts. Operating cash flow increased to €4 billion, with adjusted free cash flow at €1.2 billion, aided by lower investments due to aircraft delivery delays.
Consolidated net income held at €1.3 billion, impacted by valuation effects on loss carryforwards. The board proposes raising the dividend to €0.33 per share. For 2026, Lufthansa anticipates revenue growth, earnings improvement, and four percent capacity expansion, though Middle East tensions introduce forecast uncertainty.