Lufthansa Group’s second-quarter adjusted EBIT fell to €383 million from €870 million a year earlier as sharply higher fuel costs outweighed stronger passenger demand and record quarterly revenue of €11.1 billion. The German group lifted its full-year outlook after the results, but also increased its expected 2026 fuel bill to about €8.7 billion.
Fuel expenses rose by about €750 million year on year in the quarter, with at least €150 million in added strike-related costs. Lufthansa linked the fuel spike to higher kerosene prices amid Middle East conflict-related tensions, while network airlines absorbed more than €600 million of the increase. Strong demand, higher yields and network optimisation offset only part of the shock.
Full-year adjusted EBIT is now expected to land between €1.7 billion and €2.2 billion, compared with a previous forecast range implied before the latest update. The quarter still delivered record revenue for the period, but profitability weakened sharply as commercial gains were overtaken by the higher cost base.